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Serop, 32 years of age, lives at the city of Sevan, which is in Gegharkunik region. Serop lives with his wife, son, and retired mother. His father has died several years ago. Serop’s wife works as a hairdresser. Serop's specialty is music. He is a soloist, but unfortunately, he has worked in this profession a very short period of time. Now he owns a private business, a beauty salon for both men and women. He, himself, has become a perfect hairdresser. Serop has three employees and a lot of loyal customers, at his salon.

Serop asks a loan of 500,000 Armenian drams. He will use it to do some reconstruction work in the salon, to renew the interior. This renovation will entice new customers, and Serop will have more income.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Serop to do some reconstruction work in the salon, to renew the interior and attract more customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 24, 2013
Currency Exchange Loss:
Jun 17, 2014