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Garik was born in 1962 in Kapan. He is married and has two children: a son and a daughter, who studies in the agricultural institute.

For about 14 years, Garik and his wife have had their own business. They sell household goods, shoes, underclothes, cereals, etc., at Kapan market. Garik spends part of his business profit for his daughter's education, and another part, he uses to keep his family.

This is Garik's tenth loan from Nor Horizon, and he is asking for 900,000 Armenian dram to buy cereals and wheat from villagers and household goods from Yerevan to resell them in the Kapan market.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 376.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Garik to buy cereals and wheat and also household goods to resell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 7, 2011
Jun 11, 2011
Currency Exchange Loss:
Sep 17, 2011