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Gagik lives in the city of Stepanavan, which is in Lori region. He is 55 years old, and he is married. Gagik has two sons, and both of them are married and live separately. In his flat, Gagik lives with his wife and retired mother. Gagik’s wife works at the local post office. Gagik, himself, works as a locksmith.

Unfortunately, last year Gagik’s father died. Now Gagik has some financial problems, and one very important, unsolved problem that could be solved by the help of money. To solve that problem, Gagik asks a loan of 650,000 Armenian drams. He will use the loan amount to buy and place a tombstone in memory of his father, in a city cemetery.

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

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About Armenia

  • $6,300
    Average annual income
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Gagik to buy and place a tombstone in memory of his father, in a city cemetery.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 3, 2013
Currency Exchange Loss:
Jul 17, 2014