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Aram
Aram is 44 years old and he lives in Stepanavan city which is in Lori region. He is married and he has a son and a daughter. His son is a contract serviceman and his daughter studies at the Yerevan State University, the paid division of International Relations’ faculty. Aram greatly values education and all his life he dreamed that his children will have higher education and become good specialists. So having a small salary makes him to worry since now he is not able to pay for his daughter’s education.

He asks a loan of 480,000 Armenian drams in order to pay for his daughter's tuition fee for the whole year.

Additional Information

More information about this loan

This loan is part of NorHorizon's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you're enabling access to education for students with limited options. 

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

  • $6,400
    Average annual income
  • 171
    View loans »
    Armenia Loans Fundraising
  • $13,195,350
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Aram to pay for his daughter's tuition fee for the whole year.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014