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Rafik lives in Kajaran city where he was born. He has lived in his native city until now, and lives together with his unemployed wife. Two children (a son and a daughter) are already married and live separately. Rafik has a higher pedagogical education. For many years he worked as a teacher of mathematics at the local school. Today he is already a school administrator and after his work he also gives paid courses of mathematics in a guestroom in his house. He has four pupils who take courses of mathematics as they say with great pleasure and interest. Rafik is a very accurate person and he wants to improve his guestroom interior conditions in order to support his pupils' comfort and aesthetic pleasure.

Rafik is asking for a loan of 1,000,000 Armenian drams in order to install new windows which will keep a warm temperature in the room for the pupils while studying in the winter cold season. He will spend the other part of the loan amount on the purchase of some new literature connected with his specialty.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • 409.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,450 helped Rafik to install new windows in the room for the pupils and to purchase some new literature.
77% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 10, 2013
Aug 7, 2013
Currency Exchange Loss: