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Arayik M. is 27 years old and lives in Sevan. His specialty is being a service organizer in hotels and tourism complexes, but because of his living conditions he has never worked in this sphere. He worked as a shop assistant in a food market, then he had a shop where he sold mixed products, and a year ago he opened a butcher shop. Every month Arayik has approximately $415 in income from which he pays $104 for shop rental.

Arayik lives with his parents. His mother is jobless and his father helps Arayik in his business. Arayik supports his family, thanks to the income from his business which he hopes to expand in the future.

Arayik wants to receive a loan of 800.000 AMD to buy 6-8 calves to raise and sell.

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.

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About Armenia

  • $6,300
    Average annual income
  • 141
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 387.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Arayik to buy 6-8 calves to raise and sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2009
Nov 21, 2009
Currency Exchange Loss:
May 15, 2011