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Taron is 25 years old, and he lives in Vanadzor city, which is in the Lori region. Taron lives with his mother, who is unemployed. He has a sister who is already married, and she lives with her family. His father is in the Russian Federation as a guest worker.

Taron has graduated from Yerevan State Economical University. For several years he has worked at the different insurance companies as an insurance agent. Now he works at the gas station as the shift head.

Taron is very kind and clever young man, and he says he wants to do something that will make his mother happy and which will also make her everyday work easier. He asks a loan of AMD 250,000 in order to buy a washing machine for his mother, which will be a great surprise and nice gift for her.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Taron to buy a washing machine for his mother which will be a great surprise and nice gift for her.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 8, 2013
Currency Exchange Loss:
Jun 17, 2014