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Ashot
Ashot is 25 years old and he lives with his mother in Kapan city. After school, Ashot went to Russian Federation (where his father temporarily lives and works) to earn money for his family's needs, but he returned to Kapan for army service.

Now Ashot has ended his army service and he already works; he is a dyer. Simultaneously, with his own car, Ashot gives taxi service around his city. Ashot’s mother is unemployed and she takes care of their house. The flat where Ashot and his mother live needs to be entirely repaired and Ashot has also decided to get married.

He asks for a loan of 1,100,000 Armenian drams (AMD) in order to begin his flat repairing activities and also to pay for some expenses for his wedding.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,409,950
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,725 helped Ashot to begin his flat repairing activities and also to pay for some expenses for his wedding.
97% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014