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Stepan is 44 years old and lives in Gavar, a city in the region of Gegharkunik. He is married and has two sons. Stepan’s wife works as a teacher at the local school of the arts. Stepan is trained in the veterinary speciality, but he has never worked in his specialty. With the passing of time, he has become an auto mechanic. He works in a rented space where he provides different car-related services. His garage is very popular in his native city and he can remember no time that he was left without work.

Stepan asks for a loan of 500,000 Aremnian drams (AMD) in order to buy some tools and paints that he needs for his everyday repairing and reconstructing jobs.

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
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Stepan to buy some tools and paints for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 24, 2013
Aug 18, 2013
Currency Exchange Loss:
Aug 17, 2015