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Albert A. is 44 years old and he lives in Vanadzor city with his wife and two sons: one of them is an elementary school pupil, and another is a student. For about 20 years Albert has been managing his butcher shop, which he runs in a rented space at Vanadzor central food market. With profit from his business, Albert supports his family and pays for his elder son’s education.

Albert needs a 900.000 AMD loan to buy a car to move meat from villagers to his butcher shop, which will reduce his business costs.

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
  • $15,776,200
    Funds lent in using Kiva
  • 376.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Albert to buy a car to move meat from villagers to his butcher shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 4, 2010
Jun 10, 2010
Currency Exchange Loss:
Jun 15, 2012