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Artush lives in Kapan city which is in Syunik region. He is married and he has a two-year-old daughter. Artush graduated from Kapan State Polytechnic Institute. For several years he worked as a salesman at a car spare parts shop; now he works at a stone workshop. His wife works at a college and his mother works at a kindergarten. Because of sickness, his father does not work and he receives a pension.

Artush lately managed to partly repair his flat and he is asking for a loan of 1,000,000 Armenian drams in order to buy furniture for his flat.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Artush to buy furniture for his flat in order to improve his living conditions.
47% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 12, 2013
Dec 27, 2013
Currency Exchange Loss: