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Vache is 23 years old and was born and lives in Antaramut, which is the one of the Vanadzor’s area villages. He is married and lives with his wife, newborn son and parents. Vache graduated from Vanadzor’s collage; he is a dental technician and has never worked in his main profession, because his profession is less profitable in Vanadzor and he must meet his newly-created family's needs. Therefore he decided to create his own charcoal production business.

The production activity he is performing is in Antaramut. Vache buys the wood for his charcoal production from their village woodmen. With big special ovens, he handles the thermal treatment. As a result, he produces charcoal. Vache’s father helps him in the family business and with their own truck delivers charcoal to Lori region’s restaurants and grill houses.

With profit from his business, Vache has bought a truck and furniture for their house. He solves his small family's needs and takes care for his baby’s future.

Vache seeks 400.000 AMD loan to buy two new ovens for developing his charcoal production. He hopes to increase his profit this way.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Vache to buy two new ovens for developing his charcoal production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 29, 2012
Dec 4, 2012
Currency Exchange Loss:
Sep 17, 2013