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Radik M. is 24 years old and lives in Ijevan city. A month ago he got married and now he lives with his parents and his wife, who is jobless. Radik graduated from Ijevan state college's motor transport department, so he has a good knowledge of vehicles. He now works as a taxi driver. He works without free days and already has permanent customers. With his business income, Radik support his family. He has also been able to buy furniture for his house and organize his wedding.

Radik says that during Christmas and New Year's holidays his taxi service is in popular demand. Therefore, he is asking for a loan of 370,000 AMD to buy winter tire casings, a new accumulator, motor oil and antifreeze and to do some repair work on his car.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 360.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Radik to buy winter tire casings, new accumulator, motor oil and antifreeze and to do some repair work on his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 21, 2010
Dec 28, 2010
Currency Exchange Loss:
Dec 15, 2011