Check out other loans that are currently fundraising!
Valeri and his small family live in Vnadzor city. Valeri has no higher education, and it is already ten years that he has his own modest business. He works in a small garage adjacent to the building that he lives, where he repairs engines and paints cars which are mainly produced in the Soviet Union. He also makes car plate smoothing. Valeri has many loyal customers who trust their cars only to him.

His work is hard and requires more time but Valeri never complains. He is always ready to help and give some advice to anyone who has some problems with his car. The income from his business barely covers his family’s needs, but he is sure that his business will go ahead, if he can manage to buy some new tools that he needs for car repairing. Valeri asks for a loan of 200,000 Armenian drams to buy a welding machine.

He is sure that his deal with Kiva lenders will be good for his future.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at

About Armenia

  • $6,300
    Average annual income
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Valeri to buy a welding machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 11, 2013
Currency Exchange Loss:
Jan 17, 2014