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Armen is 40 years old and he lives with his family in Vanadzor city. He is married and he has a school-aged son. His wife is unemployed, and she takes care of their son and their house. Armen has received higher education and is an engineer. He is a very clever and resourceful person and he has established a very profitable business.

Armen has a workshop which produces concrete tiles of different shapes, colors and forms. He sells them to Vanadzor constructional companies. Armen mentions that he manages to provide for his family and he also has plans to enlarge his business.

Armen is asking for a loan of 600,000 Armenian drams to buy a large amount of raw materials, since he wants to take several big orders simultaneously.

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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Armen to buy raw materials for large orders.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 3, 2013
Aug 6, 2013
Currency Exchange Loss:
Dec 17, 2013