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Artyom is 24-years-old and lives with his parents, grandmother and sister. His father is a pedagogue, his mother is a doctor and his sister is a law-adviser.
After his military service Artyom launched his own business. He rented a store, did some repair work and started a small shop, where he sells office supplies and household goods. The business has been successful as his shop is in a remote place in Ijevan City and is the only way for citizens to do their purchases without wasting more time. Of course, he has a large number of clients which contribute to a large profit from this business. So Artyom has decided to expand his business volume and wants to sell food. At first he started to sell some candies and sweets in his shop. This experiment has shown that he could easily sell other food items in his shop.

For this pursuit it requires that Artyom have a capacity to maintain the food items in suitable conditions. His profit from the business is not sufficient for this and Artyom needs more financial means to buy some refrigerators and construct a storage area/warehouse. For this Artyom is asking for a Loan from Kiva Lenders of 1,000,000 Armenian drams to expand his business.

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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Artyom to buy refrigerators for his shop and construct a storage area/warehouse, which will help him to sell food items in his shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 7, 2013
Mar 31, 2013
Currency Exchange Loss:
Aug 17, 2015