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Garik is 37-years-old and he lives in Yerevan. Garik is married and he has two school-aged sons and both of them are sportsmen. Garik has higher education and he graduated the Agricultural Academy. His specialty is as a builder and architect. It is already eight years that Garik is running his own business. He has a workshop and he, with the help of his father and wife, produces cutlets, kebabs, pelmeni (a Russian national dish made of meat and dough) and khinkali (a Georgian national dish also made of meat and dough and with some spices). All these products Garik distributes to different food markets, supermarkets and he says that he also has orders from restaurants. The main product that he needs is meat that he buys from local butchers or he drives to nearby villages and brings the meat from there.

Garik says that his business is thriving and his orders have increased, so he already wants to hire several workers and a cook, so he has asked a loan of 3000 US dollars in order to enlarge his workshop so he work faster and more productively.

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.

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About Armenia

  • $6,300
    Average annual income
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Garik to enlarge his workshop so he can work faster and more productively.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 29, 2013
Dec 24, 2013
Currency Exchange Loss:
Feb 22, 2014