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Davit, 30, drives a taxi and thus he provides for his family. Davit lives in Vanadzor but he drives his taxi not only in the Vanadzor city area but also he drives his passengers to the Armenian capital, Yerevan, and to Georgia as well. The main part of Davit’s passengers who travel long distances are sellers, who buy merchandise from Yerevan and different cities of Georgia. Those sellers now are Davit’s regular passengers as Davit always drives his passengers safely and with care.

Davit lives with his parents, who are unemployed, so Davit’s business is the only source of income for them.

Davit wants to reduce his business’s expenditures, so he is asking for a 300,000 AMD loan to convert his vehicle engine to work on CNG (compressed natural gas), as CNG is cheaper and also eco friendly in comparison with petrol.

This is Davit’s second loan from Nor Horizon.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • 396.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Davit to convert his vehicle engine to work on CNG (compressed natural gas).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 16, 2012
May 19, 2012
Currency Exchange Loss:
May 17, 2013