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Mher P. manages his own business: trading of spare parts for cars, which he runs in a stall. He buys merchandise (tyre casings, wheel disks, steering wheels, machine oil, etc.) from Yerevan once a week and resell its in his business place in Kapan city.

Mher was born in 1981 in Kapan city. He lives separately from his parents in a rented apartment. Thanks to his business’s incomes, he pays for his apartment, supports himself and his parents with the money he earns.

Mher is asking for a $ 2.100 loan to buy winter tyre casings to resell.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Mher to buy winter tyre casings to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 22, 2010
Oct 25, 2010
Currency Exchange Loss:
Sep 17, 2011