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Arman is a young businessman, who has already found a field from which he has a good income. He produces furniture, mainly coffee tables, chairs and wooden doors. He works in small room in his house, which serves as a workshop for him. He buys all of the materials for furniture production from a local shop of construction materials, but he buys wood from individuals. Arman sells ready furniture to local furniture shops. Arman also works on a by-order basis.

Arman lives with his wife and newborn son in the small city of Vanadzor, which is in the region of Lori. Arman asks for a loan of 350,000 Armenian drams to buy raw materials, specifically, wood and laminate for his work.

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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Arman to buy raw materials such as wood and laminate.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 14, 2013
Jun 17, 2013
Currency Exchange Loss:
Dec 17, 2014