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Vaghinak, who loves in Vanadzor, is 42 years old. He is married and has two school-aged children: a son and a daughter. Vaghinak’s wife doesn’t work as she stays at home and takes care of their children.

Vaghinak has been running his own business for 10 years. He rents a stall at the central food market where he sells fruits and vegetables. Several times a month, Vaghinak rents a car and goes to Ararat region and to Georgia to buy fruits and vegetables for his business. Profit from the business allows Vaghinak to support his family. This is Vaghinak’s third loan from Nor Horizon and he always does his loan repayments according to his schedule. Now he needs a 900.000 AMD loan to buy a large lot of potatoes, pears, apples and citrus to resell.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 388.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,325 helped Vaghinak to buy a large lot of potatoes, pears, apples and citrus to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Mar 7, 2012
Currency Exchange Loss:
Mar 17, 2014