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Gevorg and his family live in the city of Spitak which is in Lori region. Gevorg has a higher education, since he graduated from the Polytechnic Institute of Vanadzor city and he has a specialty of engineering. Gevorg is married and has a son, who is now doing his military service serving in the army, and a daughter, who is school-aged. Gevorg’s wife does not work, she is a housewife. Now Gevorg works for the Municipality of the city of Spitak as a leading specialist.

Gevorg needs a loan of 800,000 Armenian drams since he greatly wants to furnish his daughter’s room, as she has no comfort at all there to do her lessons. Gevorg wants to buy a desk and a chair as well as a bookcase in which she can place her books and to make a separate room for her, where she can both prepare her lessons and spend her leisure time.

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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 409.6
    Armenia Drams (AMD) = $1 USD
A loan of $1,975 helped Gevorg to furnish his daughter’s room and buy her a desk, a chair and a bookcase so she has comfort to do her lessons.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 19, 2013
Currency Exchange Loss:
Oct 19, 2013