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Gagik is 39 years old and lives in Vanadzor with his family. He is married and has a son and a daughter, both of them school-aged.

For seven years now Gagik has worked as a tailor from a room in his house. He mainly makes gloves for construction workers and enjoys doing so. He either receives big orders or goes after sales of his products to local construction companies.

Gagik is applying for a 150,000 AMD loan through Nor Horizon to buy thread, fabric and other materials for his work. He also intends to start sewing footwear to sell at local markets. This loan will help him increase his family’s future income.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 407.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gagik to buy thread, fabric and other materials for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 26, 2013
Aug 20, 2013
Currency Exchange Loss:
Aug 17, 2014