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Garik V. was born in 1973 in Ijevan city. He is married and has 3 school-aged children. Since 1992 Garik has been working as a hairdresser in his own hairdressing salon. Garik has used his profits for his family's needs: he repaired his apartment, bought furniture for his apartment, etc.

Garik is asking for a 900.000 AMD loan, which will allow him to repair his hairdressing salon and to buy modern hairdressing implements.

Garik has taken loans three times from “Nor Horizon” and has never been delinquent his repayments.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 384.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Garik to repair his hairdressing salon and to buy modern hairdressing implements.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2010
Mar 4, 2010
Currency Exchange Loss:
Mar 15, 2012