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Harutyun is 38 years old. He is married and has three small sons. Harutyun and his family live in Vanadzor. His wife stays at home and takes care of the children.

Harutyun has been running his own business for five years. He rents a garage, which he uses as a workshop where he repairs cars. He buys all the required equipment, tools and spare parts for his business from Yerevan and he also imports from Georgia. Harutyun works very hard and thanks to his business, he is able to provide for his young large family.

During the last years, Harutyun collected some money to buy a car, which he will use to import necessary tools and spare parts for his business. He says the collected money is not enough to buy a required car so he is seeking a 400.000 AMD loan to complete the purchase of the car. The car will allow him to reduce the costs of his business and increase his family’s income.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 388.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Harutyun to purchase a car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 28, 2012
Mar 6, 2012
Currency Exchange Loss:
Sep 17, 2013