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Ashot is the only breadwinner in his family. He is 32 years old and lives with her mother in Sevan city. His mother is jobless.

Ashot has to work hard day and night in order to meet his family's needs. He works in a Sevan gas station as an operator. At the same time, Ashot runs his own business. He has rented a place where he performs his car-wash service. He has found many customers in a short time. So he needs a loan to buy a special tool for car washing (a Karcher pressure washer) that will help him to increase the quality of his service.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Ashot to buy a special tool for car washing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 4, 2013
Jun 4, 2013
Currency Exchange Loss:
Jun 17, 2014