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Arman is 36 years old, and he lives in Stepanavan city, which is in the Lori region. He is married and he has two children. For five years, Arman has had his own business. In a rented shop, he sells animal fodder, and his customers are nearly all the farmers of nearby villages. He sells corn, barley and a lot of different types of animal fodder that villagers used to buy. Arman considers his business a very profitable one, but he thinks that he will have more income if his shop assortment is wider.

Arman asks for a loan of 500,000 Armenian drams in order to make his shop assortment more various, which will help him to have good sales.

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.

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About Armenia

  • $6,300
    Average annual income
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Arman to make his animal-fodder shop assortment more various, which will help him to have good sales.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 24, 2013
Currency Exchange Loss:
Oct 17, 2014