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Argishti is 23 years old, and he lives in Vnadzor city, which is in the Lori region.

Argishti is very purposeful and a brave young man. The specialty that he works now is very risky and even dangerous for his life, but he is not afraid of anything. He is a policeman and works at the Police Station in Vanadzor city.

At the same time he studies at the Vanadzor Pedagogical Institute at the faculty of Jurisprudence. He is doing distance learning.

Argishti lives with his mother and school-aged brother. His father temporally is in the Russian Federation as a guest worker, and from time to time financially he provides for his family.

Argishti asks a loan of AMD 600,000 in order to do some repairs in their flat and make his family's living conditions better and more comfortable.

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 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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 406.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Argishti to do some repairrsin his flat and make his family's living conditions more comfortable.
95% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 12, 2013
Currency Exchange Loss: