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Artak
Artak is 30 years old and lives in Kapan city in the Syunik region. He is the only child in his family.

His father died several years ago and now he lives with his mother. For many years, she worked as an adjuster in the capacitor, but now she is retired and helps her son with his business.

For seven years, Artak has been running his fruit and vegetable trading business. He sells a great assortment of vegetables (greens, onions, potatoes, carrots, and more) and fruits (apples of different sorts, pears, peaches, lemons, bananas, and more).

Artak drives around Kapan and Kadjaran with his own car and perfectly manages to sell all the products that he buys from the Yerevan wholesale market. He mainly buys fruit from the Ararat lowland and from the nearby villages of Kapan and Sisyan.

Since his car has the most important function for his business, he tries to take care of it properly. So, he needs a loan to use for the purchase of car tires. He will also buy some vegetables and fruits for his business.

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.

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About Armenia

  • $6,400
    Average annual income
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 414.6
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Artak to purchase car tires, vegetables, and fruits.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014