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Arayik is 51 years old and lives with his wife, son, daughter-in-law, and two grandchildren, in Ijevan city. He has also two daughters, who are married and live separately from their parents.

Arayik works as an auto mechanic. He has many years of work experience in this sphere and a good repute in Ijevan city. He implements his orders perfectly, and all customers are very pleased with his work. As he confessed, the secret of his work's good results, is that he does his work with great pleasure, although his salary is not much. Arayik's son works in the border troops of Armenia. His wife is engaged in clothes trading. His daughter-in-law doesn't work, apart from taking care for her children.

Arayik says that it is too hard to meet his family's needs in Ijevan city, even when his wife and son share their family expenses. So Arayik needs a loan, which he will use to buy some auto repairing materials and tools, for his activity.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arayik to buy some materials and tools for his work repairing autos.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Apr 5, 2013
Currency Exchange Loss:
Jun 17, 2014