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Davit
Davit is 23 years old. Together with his mother and brother, they live in Vanadzor city, which is in the Lori region. Davit has graduated from Vanadzor State Engineering University in the faculty of Economics. Since his childhood, Davit has liked to decorate and design anything in their house. In other words, he has been a very creative person since he was just a little boy.

During his studentship he used to attend some jewelry making courses by different famous masters, and in two years he became very skilled. He learned all the secrets and various tricks of that field. Now he is a rather famous master with honor in his city.

In their flat, he has separated a small room and turned it into a small workshop where he creates unbelievably beautiful jewelry made of silver and gold; he makes pendants, necklaces and rings. He takes private orders from his already loyal customers or sells his jewelry at the city jewelry shops. He has nearly all the necessary equipment and tools for his work in order to make cute, high quality jewelry.

Davit is asking for a loan of 500,000 AMD in order to buy a special heater and some raw materials 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.

About Armenia

  • $6,300
    Average annual income
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,753,150
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Davit to buy a special heater and some raw materials for his jewelry business.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible