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Sergey
Sergey is 28 years old and he lives with his family in Stepanavan city in Lori region. Sergey is married and he has a small son. Since 2007 Sergey has served as a platoon commander. He is a very patriotic person and he teaches his soldiers to be devoted to their motherland and to their religion. He has received this rank thanks to his responsibility and love for his homeland. As Sergey says, the money that he earns is enough for their living, but his savings are too little for the surprise that he wants to make for his beloved wife.

He is asking for a loan of 250,000 Armenian drams, which together with his savings will be the amount which he needs in order to buy kitchen furniture and some electrical equipment for their house.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,400
    Average annual income
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $625 helped Sergey to buy kitchen furniture and some electrical equipment for their house.
85% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Dec 28, 2013
Currency Exchange Loss:
Possible