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Gagik, 41, lives in Vanadzor city with his wife and two sons. He graduated from technical school in the robotics department. However, as he never found work in this profession, after graduating he found that cooking was more attractive for him and for a long time he worked as a cook in many restaurants in Vanadzor city.

After some time, he became jobless and in order to sustain his family, he started to work as a floor grinder. In a short time, he gained good repute in this occupation and now he has many clients from Vanadzor and the nearest villages of Lori region. He has been engaged in floor grinding for more than 10 years.

With the profits from grinding, Gagik is able to meet his family's needs as well as possible. As with many of Vanadzor’s dwellers, he doesn't want to leave his motherland to work abroad. He prefers to stay in Armenia and hopes that the social and economic state in his city will go well in the near future.

Gagik is asking Kiva lenders for a loan of 300,000 Armenian drams to buy a new modern grinder so that he will be able to work more comfortably.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 414.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Gagik to buy a new modern grinder for his floor grinding business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 17, 2013
Currency Exchange Loss:
Sep 17, 2014