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Arman P. is 36 years old. He lives in Vanadzor city with his wife and his school-aged son. Arman is a biologist, but because of his living conditions, he has been operating a clothes trading business for about fifteen years. He sells only men’s clothing in a rented place in the Vanadzor clothes market. He brings merchandise from Yerevan once a week and orders merchandise from China once a month as well. Arman’s wife helps him with the business, and so they are able to support their family and pay rent for their business location.

Arman needs a 500,000 AMD loan to buy a spring-season clothing assortment for his business. This is Arman’s 3rd loan from Nor Horizon; he has repaid previous loans without delay.

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
  • 170
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 365.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Arman to buy a spring-season clothing assortment for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 16, 2011
Feb 16, 2011
Currency Exchange Loss:
Feb 15, 2012