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Aram is 43 years old. He lives in Ijevan with his wife, three children and his retired father. Aram’s children, two sons and a daughter, are school-aged. His wife is engaged in a clothes trading business.

In the past Aram worked at road-building company as a worker, then at a Ijevan electrical company as an electrician. Now he continues on working as an electrician at a construction organization. Simultaneously with his hired work, Aram also fulfills private orders for electricity connection and service. This occupation allows Aram to meet most of his family’s needs.

This is Aram’s 5th loan from Nor Horizon and he has never been delayed in his repayments. Now he needs a 700,000 AMD loan to buy necessary tools and materials 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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 388.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Aram buy electrical tools and materials.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Feb 14, 2012
Currency Exchange Loss:
Sep 17, 2014