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Shavarsh has already been a successful businessman for two years. He has run his own computer accessories business in a rented shop located near his house in Vanadzor city. He buys the necessary merchandise from Yerevan wholesale markets and transports them to Vanadzor with his car once a month.

Shavarsh also does computer repairs, software, downloading, and other services by order in his shop.

Shavarsh graduated from State Engineering University of Armenia as a programmer. He is 24 years old and lives with his parents and younger brother in Vanadzor city.

His brother studies at State Engineering University and decided he will help Shavarsh in his business after graduation.

Shavarsh requests a Kiva loan of 500,000 Armenian drams to buy computer accessories, discs, monitors, etc. for reselling, which will help him to increase his profit from trading.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $17,071,775
    Funds lent in using Kiva
  • 406.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Shavarsh to buy computer accessories, discs, monitors, etc. for reselling.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 14, 2013
Currency Exchange Loss:
Mar 17, 2015