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Vahe S. was born in 1983 in Ijevan city, Tavush region. He is married and has two children, a son and a daughter. His wife stays at home and takes care of their children and Vahe works as a crane operator. He takes orders for loading and unloading building materials and other goods, and thanks to this employment he is able to support his family. He takes orders not only from Ijevan city, but from other cities and villages in the Tavush region. He says his service is in popular demand, so he must always maintain his crane.

Vahe needs a 900.000 AMD loan to change his crane’s gearbox and to do some other repair work on it. This is Vahe’s second loan from Nor Horizon.

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,757,675
    Funds lent in using Kiva
  • 360.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Vahe to change his crane’s gearbox and do some other repair work on it.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 27, 2010
Dec 29, 2010
Currency Exchange Loss:
Jul 17, 2013