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Aramayis
Aramayis is 27 years old. He lives in the village of Sarigyugh, which is in the Tavush region. He is married, and he has two pretty little daughters. His wife does not work; she takes care of their children.

Aramayis already two years has his own business. In a small garage he does car repairs, tire repairs, and car-washing services. He also has a small business of selling fish, which is seasonal. He has a small stall on a highway of Yerevan-Tbilisi, and during summer his fish selling is always doing well.

With coming winter months Aramayis wants buy winter tires, which very soon will be of great demand. He asks a loan of AMD 1,000,000 in order to buy winter tires and some car parts for his work.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $13,228,200
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Aramayis to buy winter tires to stock and some car parts for his work.
43% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible