Funded

Total loan: $1,875
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Albert

Armenia
Kapan, Armenia / Fruits & Vegetables

A loan of $1,875 helped to buy ribbons, color paper, foam, flower pots and decorative baskets for his flower business, and also to buy grapes, peaches, eggplants, etc. for resale.


Albert's story

Albert was born in 1979 in the city of Kapan. He graduated from the Kapan secondary school. Albert lives with his retired parents, sister, wife and two-year-old son. Albert's wife does not work, and sister helps him with the business. Since 1995, Albert has been involved in private enterprise and has been selling vegetables and fruits and also flowers. Albert leases a retail outlet at the Kapan city market, where he sells vegetables and fruits that he brings from nearby villages. Albert brings in flowers from Yerevan, and his sister sells them, and, thus, helps her brother to support the family. Albert has been a client of Nor Horizon for many years and always fulfilled his responsibilities of repaying loan on-time. He now needs a loan in the sum of 700,000 dram for the purchase of ribbons, color paper, foam, flower pots and decorative baskets for his flower business, and also for the purchase of grapes, peaches, eggplants, etc. for resale.

Translated from Russian by Kiva volunteer Anna Sorokina-Hailey



Loan details

Loan length:

20 months
Disbursed date: September 12, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: September 12, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company