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Yeprem is 55 years old and he lives in the city of Kapan in Syunik region. Yeprem studied at the Kapan Mountain College to become an electrician. For several years he worked as a construction electrician, then he worked at the school as a teacher of drawing. Now he again works as an electrician.

Yeprem’s wife died two years ago. Since then, Yeprem has been responsible for the care of their four children. His two daughters are already students at the Yerevan State Medical University. His elder daughter lives with her aunt, who is alone, and she visits her father very often. Yeprem’s son is 28 years old and has a fiancee; they decided to get married and to organize a small, nice wedding party.

Yeprem is asking for a loan of 300,000 Armenian drams, which together with his savings will help him to cover the expenses of his son’s wedding party.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Yeprem to pay the expenses of his son’s wedding party.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Dec 16, 2013
Dec 28, 2013
Currency Exchange Loss:
Mar 17, 2015