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Arsen is 33 years old and lives in the village of Zovaber in Gegharkunik region. He is married and has two children. Arsen lives with his wife, children, and parents. His father works as a locksmith. Arsen’s mother and wife do not work since they take care of the children and their house.

Arsen has no higher education, but he is a skilled welder and he is very often hired for welding work. But Arsen’s main occupation is farming and agriculture. He has in his farm a cow, six sheep, four lambs, two goats, and thirty chickens. He also has a plot of land on which he cultivates vegetables for his family's use.

Arsen is a very laborious person since, together with his welding, farming, and agriculture, he also works as a driver.
He asks for a loan of 1,000,000 Armenian drams since he wants to buy a passenger minibus as he plans to start transferring students from regions into Yerevan city.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Arsen to buy a passenger minibus as he plans to start transferring students from regions into Yerevan city.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 3, 2013
Sep 27, 2013
Currency Exchange Loss:
Oct 27, 2013