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Yurik is 51 years old. He was born and lives in the town of Kapan. He has higher education and graduated from the Pedagogical Institute of Yerevan. In 1988 he got married and now lives with his wife. He has a 22 year old son who is now serving in the army. His daughter is nineteen and she is studying in her junior year at the Yerevan Institute of Linguistics with specialty as a teacher of foreign languages. Yurik's wife works in the military recruitment office in the town of Kapan.

Yurik has been in the distribution business since 2006. He has a contract with a firm which manufactures natural juices, ice cream, cookies, confections, meat products, cutlets and etc. Yurik buys all these products and juices in wholesale, delivers them from Yerevan and then sells them in wholesale to the stores in towns of Kapan, Kadjaran, Agarak and Mergi. Yurik has storage and refrigerators in his house for the business.

Yurik works almost without any days off and already has many regular customers in these towns who for many years prefer to buy in wholesale what Yurik brings from Yerevan and then sell in their own stores. Thanks to the profit from his business Yurik can support his family and pay for his daughter's education. Yurik needs a loan in the amount of 1,000,000 Armenian dram to buy new products for the New Year and Christmas sales.
View original language description ↓
Юрику 51 лет , родился и живет в городе Капан. Имеет высшее образование,окончил Ереванский педагогический институт. В 1988 году женился и живет с женой. Имеет сына 22 лет который служит в армии,дочке 19 лет учится на третьем курсе Ереванского лингвистического института ,по специальности преподаватель иностранных языков. Жена Юрика работает в военкомате города Капан.
Юрик с 2006года занимается дистрибютерской деятельностью . У Юрика контракт с фирмой который производит натуральньные соки, мороженое, печенье, кондитерские изделия ,мясные полуфабрикаты,котлеты и т.д. Все эти продукты и соки Юрик покупает оптом и доставляет из Еревана и оптом продает в магазинах городов Капан,Каджаран,Агарак и Мегри. Для своего бизнеса Юрик имеет склад и холодильные камеры у себя дома.
Юрик работает почти без выходных и уже имеет постоянных клиентов в этих городах, которые долгие годы предпочитают оптом покупать и в своих магазинах перепродавать товары которые привозит Юрик из Еревана.
Благодаря выручке от своего бизнеса Юрик содержит семью и платит за учебу дочери .
Юрику нужен кредит 1.000.000 армянских драмов для покупки новых продуктов для Новогодней и Рождественской продажи

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.

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About Armenia

  • $6,300
    Average annual income
  • 99
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • 379.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Yurik to buy new products for Christmas and New Year sales.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Oct 28, 2011
Nov 9, 2011
Currency Exchange Loss:
Oct 17, 2013