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Arsen
Arsen is 46 years old and he lives in Vanadzor city in Lori region. Arsen has vocational education in construction and now he does hired construction work around his city. He works a lot and he is ready to work more in order to earn as much as possible, since he has numerous problems to solve in his family and he is the only breadwinner. Arsen is divorced and his daughter and son live with him. His mother is retired and she also lives with them and greatly helps Arsen in the care of his children.

Arsen, despite of his day and night work, has a great lack of money at this very important period for his family, especially for his daughter. He asks for a loan of 250,000 Armenian drams to organize his daughter’s engagement party and he hopes greatly to be supported by Kiva and its field partner Nor Horizon.

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.

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
  • 130
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 414.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $625 helped Arsen to organize his daughter’s engagement party.
61% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
Possible