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Samvel was born and raised in Kapan, in the Syunik region. He graduated the State Engineering University of Armenia with a degree in cybernetics and later worked as an engineer in Kapan for many years. In 2002, he started a business producing construction materials. For 10 years, he's rented a building in Kapan where he makes various concrete paving stones used in sidewalks. His family helps him run the business.

Samvel is 53 years old. He's married and he has two children. His business enables him to provide for his family, pay for his son's education and support his own pensioner parents.

Samvel is asking for a loan of 300,000 Armenian drams in order to purchase cement and sand. These materials will allow him to fulfill a very profitable large order placed by the regional municipality.
View original language description ↓
Самвел родился и живет в городе Капан ,Сюникской области. У Самвела высшее инженерное образование,он окончил Ереванский Политехнический институт,факультет Кибернетики. После учебы он долгие годы работал инженером в Капане.
С 2002 года Самвел начал заниматся производством строительных материалов.
Уже 10 лет как Самвел арендовал строительное помешение в Капане и производит разные бетоные плитки для тратуаров. Во время многочисленных заказов Самвелу помагают родные и близкие.
Самвелу 53 года.Он женат и имеет двух сыновей. С прибылью от его производства Самвел содержит семью, платит за учебу сына и помогает родителям пенсионерам.
Самвелу нужен кредит на сумму 300,000 Армянских драм для приобритения цемента и песка. Кредит поможет ему во время выполнить большой заказ Областного муниципалитета.Эта сделка принесет ему крупный доход.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • 406.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Samvel to buy cement and sand for his manufacturing.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Feb 8, 2013
Currency Exchange Loss:
May 17, 2014