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Hovhannes is 38 years old. He is from Vanadzor city, where he lives with his wife and his two young sons.

Hovhannes is an engineer, but for more than 10 years he has run his own business in a shop that he built by himself.

Hovhannes sells food and household goods, which he buys from distributors and from the wholesale depot. His wife works with him in the shop and replaces him when he goes to purchase merchandise.

Hovhannes has received 10 loans from Nor Horizon and now he is asking for a loan of 1,000,000 AMD to buy canned foods, cereals, sweets, candy, etc., for his shop.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 373.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Hovhannes to buy canned foods, cereals, sweets, candy, etc., for his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 24, 2011
Jun 28, 2011
Currency Exchange Loss:
Feb 15, 2013