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Volodya is 67 years old and he lives in Gavar city in Gegharkunik region. He is married and he has a son, who, with his family, lives with his parents.

During his life Volodya has worked at different places and in various positions, but finally he established his own business. He has a small confectionery workshop and he has several workers. He takes private orders and he also takes orders from different shops. His workers are very skilled and they manage to make different Armenian national pastries, one of which is gata. They also take orders of cakes (for birthdays, weddings, etc.).

Volodya wants to enlarge his business and he asks a loan of 900,000 Armenian drams in order to buy a lot of flour and sugar, since he is sure that the New Year holidays will bring a lot of orders for pastries both private and from the shops as well.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,873,900
    Funds lent in using Kiva
  • 407.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Volodya to buy a lot of flour and sugar for holiday orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 11, 2013
Currency Exchange Loss:
Dec 17, 2014