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Andranik is 36 years old. He lives in the Tsovagyugh village in the Syunik region together with his wife and three children. Andranik's daughters attend a school, and son goes to kindergarten. Andranik is involved in agriculture and, parallel to that, sales of products and household goods. His farm includes 3 cows, 2 calves and 20 chickens. He has been selling food products and household goods for 10 years at a small wagon, which is located in close proximity to his home. His wife helps him with the sales. Thanks to their business and farm, they can support their family. Andranik needs a loan in the sum of 800,000 dram to expand the assortment of his wagon-store, especially to buy an inventory of pasta, canned goods, sunflower oil and also a large inventory of laundry detergents and cleaning supplies. Andranik plans to use the future profit to build a new store for his retail business.
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Андранику 36 лет, он проживает в деревне Тсовагюх (Tsovagyugh), Сьюникского региона, вместе со своей женой и тремя детьми. Дочери Андраника посещают школу, а сын – детский сад.
Андраник занимается сельским хозяйством и параллельно торговлей продуктов и хозяйственных товаров. У него в хозяйстве имеется 3 коровы, 2 теленка и 20 кур. А продовольственными и хозяйственными товарами он торгует уже 10 лет в небольшом вагончике, который находится в непосредственной близости от его дома. В торговле ему помогает жена. И благодаря своему бизнесу и ферме они содержат свою семью.
Андранику необходим кредит на сумму 800.000 драм для увеличения ассортимента своего вагона-магазинчика, а именно для приобретения партии макаронных изделий, консервированных продуктов, подсолнечного масла, а также большой партии стиральных порошков и чистящих средств.
Будущую прибыль Андраник намерен использовать для строительства нового магазинчика для своей торговли.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 371.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Andranik to buy provisions and household goods for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 29, 2011
Sep 30, 2011
Currency Exchange Loss:
Jan 15, 2013