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Aramayis is 56 years old. He lives in the village of Srashen, with his wife and two sons. Aramayis has no higher education, and after serving in the army, he worked for many years in a car repairing factory, as a miller. Today, Aramayis works as an inspector at the local forest reserve. His sons also work, and even so, the total family income hardly covers their needs, with the bills that they pay each month.

In spite of working very hard, Aramayis now has insufficient financial resources to organize his eldest son’s wedding party. Like any devoted and heedful parents, Aramayis and his wife want to organize a nice and traditional, Armenian wedding party for their son. They ask a loan of 1,000,000 Armenian drams, to enable them to do some purchases for wedding banquet and organization activities.

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
  • 112
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Aramayis to organize a nice and traditional, Armenian wedding celebration for their eldest son.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 5, 2013
Aug 31, 2013
Currency Exchange Loss:
Sep 30, 2013