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Sergey
Sergey is 30 years old and he lives in the village of Dashtashem in Lori region. He is married and he has a 5-year-old daughter. He lives in a rented house with his wife and child.

Sergey graduated from Vanadzor State Pedagogical Institute with a degree in geography and economics. Now he is a director of the village school and at the same time he is a teacher of geography there. As he says the mission of being a teacher means to be responsible and careful, with rich knowledge to be able to educate younger generations. In the school he tries to organize interesting and informative competitions and games.

He is asking for a loan of 500,000 Armenian drams in order to buy a computer and some professional literature to be more informed and aware of new methods and programs of teaching techniques.

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 Armenia

  • $6,300
    Average annual income
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    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 $1,250 helped Sergey to buy a computer and some professional literature to be more informed and aware of new methods and programs of teaching techniques.
74% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Dec 28, 2013
Currency Exchange Loss:
Possible