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Edik was born in 1973. He lives in the city of Ijevan. He is divorced but is helping his ex-wife to raise and educate their children. After finishing his service with the army, Edik organized his own business: a store that sells women's, men's and children clothing, exercise gear, shoes, bags, office supplies and toys. His store is located in a rented space in the Ijevan central market. Edik purchases his goods in Yerevan or imports from neighboring countries. Edik thinks that there is a lot of demand for children clothing and toys, so he is focusing his inventory towards these goods. He also purchases large batches of office supplies before the start of each school year.

Edik requires a loan of 1,000,000 dram to purchase a lot of women's and men's jackets and children snow suits.
View original language description ↓
Эдик родился в 1973 году. Он живет в городе Иджеване. Эдик в разводе, но помогает своей бывшей жене воспитывать и содержать детей.
После службы в Армии, Эдик организовал свой собственный бизнес: продажа женской, мужской, детской одежды, спортивных костюмов, обуви, сумок, канцелярских принадлежностей и игрушек. Он осуществляет торговлю в арендованном помещение недалеко от Иджеванского городского рынка. Товары Эдик приобретает в Ереване, а также привозит из соседних стран. Эдик говорит, что наибольшей спрос приходится на детскую одежду и игрушки, поэтому основной акцент в своей торговле он делает именно та эти товары. А перед началом каждого учебного года он приобретает большие партии канцелярских товаров для продажи.
Эдику требуется кредит на сумму 1.000.000 драм для приобретения зимних женских и мужских курток и детских комбинезонов.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,083,300
    Funds lent in using Kiva
  • 384.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Edik to buy winter outerwear to resell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 11, 2011
Nov 15, 2011
Currency Exchange Loss:
Jun 17, 2014