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Hakob is 27 years old and he lives in the village Pambak which is in the Lori region. Hakob is married and he has a small son. Hakob has graduated Vanadzor Agricultural College and now he works at his village station as a man of duty. His wife works at the local hospital as a nurse. Hakob lives with his parents, wife and his son in a very nice and comfortable house.

He asks for a loan of 250. 000 Armenian drams in order to buy a computer, which his wife greatly needs on the basis of her specialty.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Hakob to buy a computer, which his wife greatly needs on the basis of her specialty.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 26, 2013
Currency Exchange Loss:
Sep 17, 2014