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Arsen
Arsen is 23 years old and he lives in Dilijan city. He is married and has a pretty daughter.

Arsen is a very hard worker, and with great effort he earns his family's living. Arsen’s father is in the Russian Federation and he does different construction work and also supports his family financially from there. Arsen has a great dream to have a car, but no matter how hard he works in order to have some savings for that purchase, still he is not able to make his dream come true. So his last hope is Kiva and it's generous lenders.

He asks and hopefully waits for Kiva lenders’ support since he needs 1,000,000 Armenian drams for the purchase of the car he dreams of having.

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
  • 97
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    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 $2,475 helped Arsen to purchase a car.
52% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible