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Hapet is 36 years old and his lives with his family in Stepanavan city in Lori region. He has two school-aged children. His wife does not work. Hapet works at the Stepanavan Gasification local area as a sentry-controller operator. The flat where Hapet lives with his family is very old and needs to be repaired, but Hapet with his salary manages only to provide his family with food and pay for utility fees.
Hapet asks a loan of 300,000 Armenian drams to do some cosmetic repairs of the walls and ceilings of his flat. He wishes greatly to provide to his wife and children with good and nice living conditions.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 409.3
    Armenia Drams (AMD) = $1 USD
A loan of $750 helped Hapet to do some cosmetic repairs of the walls and ceilings of his flat.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 19, 2013
Currency Exchange Loss:
Oct 19, 2013