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Hrant is 23 years old and was born in one of Vanadzor’s villages. He is a student at Yerevan State Pedagogical University in the sport department. Hrant's parents are jobless and unable to pay for his education. This is Hrant's primary motivation for going into business. For almost a year, Hrant has run a successful business. After he finishes his education, he wants to combine his business activity with his main specialty in sport.

Hrant smokes and sells fish to earn a living. He is taking his first steps in business, and he wants to combine his enterprise with studying. Hrant processes fish in the cellar of his own house in Stepanavan City. He buys fresh fish from Vanadzor’s wholesale markets and sells the finished product in Stepanavan's food shops and markets. He already has a lot of clients in Stepanavan City and some smoked fish demand from Vanadzor City. That's why he decided to increase his smoked fish production.

Hrant asks for 400,000 AMD from Kiva lenders to increase his smoked fish production. He hopes to earn a good profit during the big Christmas holiday sales season.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 407.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hrant to purchase fish for smoking and selling.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 29, 2012
Dec 5, 2012
Currency Exchange Loss:
Jun 17, 2014