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Samvel
Samvel is 47 years old and he lives in the village of Geghamavan, which is in Gegharkunik region. Samvel is married and he has a son who has just graduated from his school and is going into the army.

Samvel is a builder by specialty and, for many years, he worked at different companies. Now, he works at a private company, as a security officer, but Samvel, together with his wife, is also engaged in farming.

In Armenia, there is a tradition in which, when a young man goes into the army for military service, his family organizes big and cheerful party, inviting all their relatives, friends, and neighbors. The meaning of such a party is to happily see him off to the army and to make him remember all his relatives and friends, during his several years of serving in the army. They wish him safe service and peacefulness for the whole world.

So, Samvel asks for a loan of AMD 400,000 (Armenian drams) in order to organize a nice party for his son, who is going into the army.

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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Tags

About Armenia

  • $6,300
    Average annual income
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Samvel to organize a nice party for his son, who is going into the army.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014