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Arshak S. is 35 years old. He lives in Ijevan with his wife and 2 school-age daughters. Arshak’s wife is a housewife. Arshak has had his own business for 16 years. He rents a shop, where he sells food and household goods. With the income from his business Arshak was able to repair his house, buy furniture, and care for his family.

To increase his business income, Arshak is requesting a 1.000.000 AMD loan to buy an assortment of New Year’s products for his shop, like candied fruits, raisins, nuts, candy, and beverages.

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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 388.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Arshak purchase assortment of New Year’s products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 12, 2009
Nov 14, 2009
Currency Exchange Loss:
Dec 15, 2011