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Artsrun
Artsrun, 21 years old, lives in Sevan in the Gegharkunik region. He is not married and lives with his parents and his sister. After coming back from the army, Artsrun established his own rather profitable business, selling a great range of stationery in a rented shop. The assortment of goods in his shop is great and perfect; he sells notebooks, folders, pens, pencils, felt-tip pens, rulers, calculators, children’s fairy tale books, watercolors, special glues for papers and more, all sorted so neatly, so one can find and buy anything. Artsrun is a very cute and polite young man who never has a lack of customers, thanks to his pleasant attitude toward visitors to his shop. Artsrun's strong business skills bring about good sales, thus providing his family with high living conditions.

Artsrun is asking for a loan of 800,000 AMD to buy a new scanner and a new document copying machine since the last one is out of order.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $13,267,325
    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 $2,000 helped Artsrun to buy a new document copying machine and a new scanner.
47% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Dec 28, 2013
Currency Exchange Loss:
Possible