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Hamlet is 52 years old and lives in Sevan city in Gegharkunik region. He is married and he has a daughter who is already married and lives separately, and a son who is a student of Yerevan State Medical University. Hamlet has a higher education and has a specialty of engineer. For many years he has worked in his specialty, but now he runs his own business. He has a small shop, where he sells flowers (flower bouquets) and wreaths. Hamlet mentions that his business is a very profitable one and he is asking for a loan of 1,000,000 Armenian drams to buy a lot of flowers for the enlargement of his shop assortment and his income from the sale of them as well.

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.

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About Armenia

  • $6,300
    Average annual income
  • 137
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Hamlet to buy a lot of flowers for the enlargement of his shop assortment.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2013
Sep 1, 2013
Currency Exchange Loss:
Oct 1, 2013