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Garnik T. was born in 1951 and is a retired military man. He lives in Sevkar village, Ijevan area, with his wife and they have three children, all of whom are married and live separately from their parents.

Since 2006, Garnik and his wife have been engaged in selling fruits and vegetable and, since 1995, they have been running a whitener trading business as well. Thanks to incomes from their business they have supported their family, bought necessary furniture for their home, and bought a car which they use to deliver their merchandise to the different villages where they distribute their goods.

Garnik asks for a 900,000 Armenian Dram loan to buy a bigger car for his business, which will allow him to increase his trading and to distribute more merchandize to villages' shops. After buying a new car, Garnik will sell his old car and will invest the proceeds in 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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Garnik to buy a bigger car for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 30, 2010
Aug 30, 2010
Currency Exchange Loss:
Sep 15, 2012