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Koryun lives in the village of Achajur in the Tavush region. He is married and has two sons (school-aged). His mother and his wife work at the school as teachers. Koryun works at the rescue service as a driver and, using his own car, takes private orders for transporting both people and cargo all around his region. Koryun’s car has not been running very well lately and he cannot drive long distances safely.

Koryun is asking for a loan of 1,100,000 Armenian drams in order to repair his car so he may drive it safely during these winter months.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,836,500
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD
A loan of $2,725 helped Koryun to repair his car in order to drive it safely during these winter months.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 9, 2013
Currency Exchange Loss:
Feb 7, 2014