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Arkadi T. is 26 years old. He lives in Vanadzor with his parents and his grandparents. Ten years ago Arkadi and his brother started their own business. Arkadi’s brother made men’s shoes and Arkadi sold them from a rented stall. Now Arkadi runs his business independently. He buys shoes from Yerevan twice a month, and also buys from Vanadzor city’s shoe production departments and resells them.

Arkadi is seeking an 800,000 AMD loan to buy spring shoes to resell. This is Arkadi’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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Arkadi to buy spring shoes to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 11, 2011
Mar 14, 2011
Currency Exchange Loss:
Jul 15, 2012