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Hambardzum is 55 years old and lives with his wife, son and daughter-in-law, and two grandchildren in the village of Zovaber, which is in Sevan area. His wife and son are engaged in farming. They breeds cows, sheep chicken, piglets in their animal barn.

For a long time, Hambardzum worked as a driver in Sevan city. Since 2010, Hambardzum has run his own business. He built a small store near his house and sells household goods and food which he buys from Yerevan wholesale market. From time to time his son helps him in the business and transports the goods from Yerevan.

Hambardzum said his family is large and they have to work hard day and night in order to sustain their big family. At the same time, Hambardzum is very appreciative and happy that his business income allows him to meet his family's needs and to not move abroad to work, which is very common in their region.

Hambardzum needs a loan of 1,000,000 AMD to buy lots of food and household goods from the Yerevan wholesale markets, and to repair the roof of his store. This is his first time Kiva, and he hopes that it will be good for him.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,400 helped Hambardzum to buy lots of food and household goods from the Yerevan wholesale markets to sell in his store, and to repair the roof of his store.
Repayment Term
25 months (Additional Information)
Repayment Schedule
May 3, 2013
Jun 2, 2013
Currency Exchange Loss:
Jul 3, 2013