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41-year-old Galust S. lives in Ddmashen village, near Sevan, with his wife and 3 children. His elder daughter studies at Humanitarian University, and the younger one is a schoolgirl. His 16-year-old son is in his last year of school, and helps his father with his business.

Galust is a motor mechanic who has had his own garage for 20 years. He buys crushed cars, then repairs and sells them. He currently needs a loan of 600,000 AMD to buy a crushed car. With the income he will make from fixing and selling it, Galust intends to pay for his younger daughter’s education.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,058,625
    Funds lent in using Kiva
  • 387.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Galust to buy a crushed car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 9, 2009
Nov 11, 2009
Currency Exchange Loss:
Apr 15, 2011