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Hrachik has been an entrepreneur for over 22 years. He started his business activity by running a butcher shop, but now operates his own kebab cafe in his yard. For this, Hrachik has constructed a few buildings in his yard: the open-air cafe is located on the second floor, with several small gazebos placed around it on the ground. The cafe is located near the Kapan-Kadzharan highway, and so Hrachik's main customers are truck drivers, as well as Kapan's residents. Hrachik would like to use the building's main floor, which is protected from the elements, to serve his customers in wintertime, thereby increasing his family's income.

Hrachik has received four loans from Nor Horizon. This time, he is asking for a loan of $1,600 to open the cafe's main floor for business: perform necessary repairs and purchase new tables, chairs, and tableware.

Hrachik is 57 years old and he is a professional cook. He is married and has two children: a son and a daughter. Hrachik's wife takes care of the household and helps her husband in the kebab cafe. Their daughter is married and lives with her husband. Hrachik's son works in the police, is married, and has two children. He and his family live together with Hrachik.
View original language description ↓
Грачик (Hrachik) занимается предпринимательской деятельностью более 22 лет. Он начинал свой бизнес с мясной лавки, а сейчас у него собственная шашлычная, которую он открыл во дворе своего собственного дома. Грачик построил небольшую постройку в своем дворе: на втором этаже располагается открытое помещение шашлычной, а во дворе несколько беседок. Шашлычная Грачика находится рядом с трассой Капан-Каджаран, поэтому основными посетителями шашлычной Грачика являются дальнобойщики, а также жители города Капана.
На первом этаже постройки Грачик хочет обустроить закрытое помещение для обслуживания посетителей в холодное время года, что позволит ему увеличить доход своей семьи.
Грачик получал кредит от Нор Оризон четырежды, и на этот раз ему необходим кредит в размере $ 1.600 для обустройства закрытого помещения шашлычной: ремонта первого этажа постройки, покупки и установки в нем столов и стульев, а также покупки новой посуды для шашлычной.
Грачику 57 лет, по специальности он повар. Грачик женат, и у него двое детей: сын и дочь. Жена Грачика домохозяйка и помогает мужу в шашлычной, дочь замужем и живет отдельно от родителей, сын Грачика работает в полиции, он женат, у него двое детей. Сын с семье живет вместе с Грачиком.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Hrachik to repair the enclosed space of his kebab cafe, and buy tables, chairs and tableware to open it for business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 12, 2012
Nov 17, 2012
Currency Exchange Loss:
Jul 17, 2014