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Arman
Arman is 27 years old and he lives in the city of Vanadzor in the Lori region of Armenia. He lives here with his wife, newborn baby, mother, and sister. His elder sister is married and lives with her family. Arman’s father died unexpectedly. After such great loss in their family, Arman became the only breadwinner. For the past two years, he has had his own business selling fruits and vegetables. In a rented stall he sells beans, potato, onions, mushrooms, peppers, carrots, eggplants, oranges, peaches, apples, pomegranates, lemons, and more. He has a lot of customers who like his stall for the fresh, tasty, and colorful vegetables and fruits. He buys the products for his stall from the local wholesale markets once a week.

Arman asks for a loan of 300,000 Armenian drams in order to buy a lot of fruits and vegetables to sell.

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

  • $6,300
    Average annual income
  • 153
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Arman to buy fruits and vegetables to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014