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43-year-old Galust S. lives in Ddmashen village, near Sevan. He is married and has 3 children. Galust’s elder daughter and his son are students, and his younger daughter is a schoolgirl.

Galust is a motor mechanic who has had his own garage for 22 years. He buys crashed cars, then repairs and sells them. He currently needs a loan of 1,000,000 AMD to buy a crashed car.

With the income he will make from fixing it up and selling it, Galust intends to pay for his children’s education. This is Galust’s fifth loan from Nor Horizon and second loan from Kiva. Galust spent his first Kiva loan to buy a crashed car, plus materials and tools for auto repair.

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
  • $15,744,675
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Galust to buy a crashed car.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Mar 7, 2011
Mar 9, 2011
Currency Exchange Loss:
Oct 17, 2013