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Nerses is 28 years old. He lives in the village of Getahovit, which is in the Tavush region. He lives with his wife, daughter, new born son, and parents. His father runs their farming and takes care of their farm cattle (cows, calves and sheep). His mother is a teacher at a local school. His wife used to work as an accountant, but now she stays at home and takes care of their children.

Nerses has his own business. He has a garage on a highway where he repairs car tires. As he says, it is a profitable business, and he plans to enlarge it. He asks for a loan of 1,000,000 Armenian Drams in order to buy car tires for the winter season, since very soon they will be in great demand and he will have a good income.

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.

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About Armenia

  • $6,300
    Average annual income
  • 140
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Nerses to buy car tires for the winter season.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 12, 2013
Currency Exchange Loss:
Jan 11, 2014