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Karen was born in 1973 in Kapan. He is married and has a son and a daughter. Karen’s wife stays at home and takes care of their children. For the past 12 years, Karen has been managing his own food shop. Also, he has a contract with one of the Armenian ice cream factories, and he distributes ice cream to different cities in the Syunik region. Thanks to profit from his food shop, Karen has been able to buy a truck, which he uses for his shop’s needs and to deliver ice cream to different cities.

Karen’s profit allows him to support his family and he hopes to develop his food shop in the future. He is seeking a 1,000,000 dram loan to increase his food shop's assortment and to buy a large lot of ice cream for his business.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 375.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Karen to increase his food shop's assortment and to buy a large lot of ice cream for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 15, 2011
Jun 19, 2011
Currency Exchange Loss:
Jun 17, 2013