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Artak A. is 30 years old. He is married and has two children. Since March, 2010, Artak has operated his own woodworking workshop in Ijevan city. He takes orders from clients and sells his products by himself as well. He produces half-finished parquets and other semi-finished products. Thanks to his business income, Artak maintains his young family and bought a car for his business.

Artak asks for a 500,000 Armenian drams loan to buy calipers for his carpentry 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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $15,782,800
    Funds lent in using Kiva
  • 358.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Artak to buy calipers for his carpentry business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 28, 2010
Oct 30, 2010
Currency Exchange Loss:
Mar 15, 2012