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Marat lives in Kapan, which is in Syunik region. Marat has three daughters. His two eldest daughters are school-aged. The smallest daughter is two years old, and his wife takes care of her.

Marat has his private business. He has a car, in which he transports people to different territories of Armenia. Marat also has a stall where he provides document copying services. Several years ago, Marat had a different car, but it was worn out and inconvenient. With much hard working and purposefulness, Marat managed to buy a new car, modern and comfortable both for driving and for his passengers, as well.

Marat asks a loan of 800,000 Armenian drams. He will use the loan to buy wheels for his car, and a new copying machine. He is sure that Kiva lenders will help him to enlarge his businesses.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $1,925 helped Marat to buy wheels for his car and a new copying machine.
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 28, 2013
Currency Exchange Loss:
Jul 28, 2013