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Borik
Borik lives in Kapan city which is in the Syunik region. Borik is very happy to have this deal with Kiva. He asked for this loan in order to develop his new business, which is producing refreshing drinks. He operates his business in a small workshop, and his wife helps him greatly in his business. Borik distributes his product to different shops and markets in his city. Borik’s first deal with Kiva helped him to buy some new beehives, wax and frames for his beekeeping business, in which he is still doing well.

Borik asks for a loan of 800,000 Armenian drams in order to buy some raw materials for his refreshing drinks business.

Additional Information

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
  • $12,422,775
    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 $1,975 helped Borik to buy some raw materials for his refreshing drinks business.
35% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible