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Armen was born and he still lives in the village of Aralez which is in Ararat region. He is married and he has a daughter and a son. After getting back from the army, Armen studied at the Yerevan State Pedagogical Institute and after graduating, for many years he worked at the nearby village school as a teacher. Then he was appointed as a director of a secondary school in Vedi city and in 2009 he became the director of Vedi high school.

During these years Armen worked very hard and finally he has built a small house for his family but now, since the winter months are not very far, he is concerned how he can heat his house.

Armen is asking for a loan of 600.000 Armenian drams in order to install a heating system in his newly-built house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Armenia

  • $6,300
    Average annual income
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,768,025
    Funds lent in using Kiva
  • 408.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Armen to install a heating system in his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 16, 2013
Currency Exchange Loss:
Feb 20, 2015