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Samvel is 20 years old. He lives in Ijevan with his big family: his father, mother, brother, sister-in-low and nephew. Samvel’s parents work at a woodworking complex.
Samvel is studying at Yerevan State University, Ijevan branch, and at the same time he runs his own household goods and toy trading business in a rented shop. When Samvel was serving in the Armenian army, his mother and brother ran the business in his absence. Now they continue helping Samvel in his occupation. Samvel buys merchandise from distributors and also once a month from wholesale markets in Yerevan. Thanks to his trading, Samvel is able to pay for his education at the University and to provide for his family as well.
Samvel is seeking a 1.000.000 AMD loan to buy a large lot of basins, pails, detergents, etc. for his business.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 388.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Samvel to buy large lot of basins, pails, detergents, etc. for his business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 8, 2012
Feb 11, 2012
Currency Exchange Loss:
Sep 17, 2014