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Artak B. is 37 years old and lives in Ijevan city. He is married and has two children: a son and a daughter. Artak graduated from Ijevan Technological College.

Artak has a lot of experience in auto repairing and in 2007 he organized his own auto repairing business in his own place. He says that his business is very difficult but he is appreciated for his work. With the profit from his auto repairing service Artak solves all his family’s needs.

Artak asks for a 1,000,000 AMD loan to buy a welding set, machine oil and paints for his business.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 382.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Artak to buy a welding set, machine oil and paints for his business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 25, 2010
Mar 5, 2010
Currency Exchange Loss:
Sep 15, 2012