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Armen B. is 38 years-old and he lives in Ijevan city. Armen is married and has three children: two school aged daughters and a two year-old son.

His wife stays at home and takes care of their children, while Armen runs a fruit and vegetable shop. With his business incomes Armen was able to buy a van and now he delivers fruits and vegetables from Yerevan, different villages of Armenia and even from Georgia. He sells his merchandise from his van or from tables and boxes on the street.

Thanks to his business incomes he meets his family’s needs and has bought necessary furniture for their house.

Armen is asking for a loan of 400,000 Armenian drams to buy a large lot of citrus fruits (especially mandarins) and vegetables for 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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 360.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Armen to buy citrus fruits (especially mandarins) and vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 22, 2010
Dec 28, 2010
Currency Exchange Loss:
Dec 15, 2011