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Drastamat with his family lives in Kadjaran city, which is in the Syunik region. He is married and has two daughters who are already married and live separately with their families. Drastamat has a higher education; he has graduated from Yerevan State University in the Department of Commodity Research. His wife does not work since she is disabled.

It is already 16 years that he has run his own business. He has a shop of his own, where he sells food products (sweets, bakery items, juices and alcoholic beverages, cans and some vegetables, eggs, ice cream and even some household products). Drastmat says that his shop is a big one and is very often visited by citizens and nearby villagers, and sometimes it is hard for him to keep it full with a large assortment. He asks a loan of 500,000 Armenian drams to buy a large variety of products for his shop. He will very happy and grateful to get this loan and make the needed purchases.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD
A loan of $1,225 helped Drastamat to buy a large variety of products for his shop and thus to keep it full with a large assortment.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 9, 2013
Aug 6, 2013
Currency Exchange Loss:
Sep 5, 2013