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Sargis N. is 32 years old and lives in Ijevan city. He is married and has a son. For several years Sargis worked as a crane driver, after which he worked as head of security at one of the Ijevan companies.

Since 1993, Sargis and his parents have established their own business: fruit and vegetable trading at the Ijevan food market. With the profit from his business, Sargis has been able to start building his own shop and to support his family. He is asking for a 400,000 AMD loan to buy fruit and vegetables to resell. He intends to use his future income to finish building his own shop.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 402.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sargis to buy fruit and vegetables to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 6, 2010
Apr 8, 2010
Currency Exchange Loss:
Oct 15, 2011