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Update on Harutyun

Harutyun is 40 years old. He lives in Vanadzor city, which is in the Lori region. Harutyun has a very nice large family; three puckish sons.

It is already five years that he has perfectly runs his own business. In a rented garage he gives repairs cars. He already has had a successful deal with Nor Horizon and Kiva. With the loan amount that he asked, he bought a car, which he still uses to import necessary tools and spare parts for his business.

Now Harutyun has some new plans. He has managed to buy a half-built building, and he wants to make it a kind of car service center for his business.
He asks a loan of AMD 700,000 in order to build a roof on his workshop as soon as possible, since winter cold months are too near, and very soon constructional work will be impossible.

Previous Loan Details

Harutyun is 38 years old. He is married and has three small sons. Harutyun and his family live in Vanadzor. His wife stays at home and takes care of the children. Harutyun has been running his own business for five years. He rents a garage, which he uses as a workshop where he repairs cars. H... More from Harutyun's previous loan »

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.

To stay updated on loans from Armenia, please join the Armenia lending team at

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Armenia

  • $6,300
    Average annual income
  • 170
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Harutyun to build a roof on his workshop before winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 12, 2013
Currency Exchange Loss:
Aug 17, 2015