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Armen is 27 years old and he lives in Vanadzor city which is in Lori region. Armen is married; he lives with his mother and his wife. He graduated from Armenian Republic State Military Academy and now he works in that sphere. He has the rank of captain. Very often, working in his specialty, Armen visits frontier military units, but unfortunately he has no a car of his own.

He is asking for a loan of 800,000 Armenian drams which, together with his savings, will be enough to buy a car. Having his own car will make his visits faster and he will have more time to spend with his family.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $1,975 helped Armen to buy a new car to make his visits faster.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 12, 2013
Currency Exchange Loss:
Jan 11, 2014