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Sarukhan is 29 years old and he lives in Stepanavan city in Lori region. He is not married and he lives with his parents. Sarukhan has a higher education and he works in the military sphere. For many years, his father has devoted his life to the defense of his motherland but now he is retired and his son continues his work with the same enthusiasm and devotion. Sarukhan’s mother works at the sewing factory as a tailor. Sarukhan works very hard and he really wants to improve their living conditions, but still there are a lot of everyday problems and with the coming of winter, there are even more problems.

Sarukhan is asking for a loan of 400.000 Armenian drams in order to buy warm and new clothes for his parents and, if he can manage, he wants to buy a computer.

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
  • 158
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 404.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sarukhan to buy new, warm clothes for his parents and a computer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 14, 2013
Dec 6, 2013
Currency Exchange Loss:
Dec 17, 2015