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Martun is 53 years old and has three children: two daughters and a son. His son Michael and elder daughter Anna are students of Yerevan State University’s Ijevan branch. Anna is in her fifth year of education in the psychology department. Michael is a second-year student in the history department.

Martun and his family live in Ijevan city. Martun works as a manager at one of Ijevan's social organizations. His wife and younger daughter are both music teachers: his wife works at a kindergarten and his daughter works at a music school. Martun's elder daughter Anna dreams of being a teacher like her mother and sister. His son has been interested in history since he was little and therefore chose history studies. Martun is asking for a 230,000 Armenian dram loan to pay Anna's and Michael's tuition fees for second semester at university.

Additional Information

More information about this loan

This loan supports students and teachers as part of Nor Horizon’s education program. Funds can be used for partial or complete payment of expenses related to higher education for students or for teachers who need to invest in assets for their profession. By supporting this loan, you're enabling access to education for students with limited options and assisting teachers to better educate their students.

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
  • 406.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Martun to pay his children's tuition fees for second semester at university.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 25, 2012
May 26, 2012
Currency Exchange Loss:
Jun 17, 2013