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Hakob S. is 55 years old. He lives in the village of Varser in the Sevan area with his wife and two children. Hakob’s wife is a teacher in a village school; his son and his daughter are students. Hakob is a radio technician, and for about 17 years he worked in this field.

Since 2007, Hakob has rented a stall and managed his own food-trading business. With his business’s income, Hakob supports his family and pays for his children's education.

In his stall he sells candy, beverages, food, canned food, tea, coffee, etc. In advance of the New Year holidays, Hakob intends to increase his business. Therefore, he is asking for a 500,000-Armenian-dram loan to begin trading household goods in his stall.

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
  • $15,744,675
    Funds lent in using Kiva
  • 360.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Hakob to begin trading household goods in his stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 29, 2010
Nov 29, 2010
Currency Exchange Loss:
Dec 15, 2011