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Nver lives in Dilijan city. He is the only one who makes money in the household. He is married and he has two children. For many years Nver earned his family's living by doing a worker’s job.

The city where Nver lives is very nice, famous, and a perfect rest zone for tourists and Armenian people as well. Dilijan considers it to have the purest salubrious nature and the most bracing air in the whole region, since here forests are virginal and anyone who comes here just admires it and falls in love with this place. That is why this city has a lot of comfortable and high quality rest houses.

At one of these sanatoriums Nver works now. He works here as a sanitary engineer, but as he says work in rest houses is seasonal and in autumn and winter, tourists are very few, so his family income becomes low as well. Nver owns a nice cute farm, where he breeds two cows and a calf, and he manages to sell a lot of milk right from his house.

Now Nver has a good, profitable idea and he needs some help to realize it; he has a big garage near his house and on the bottom of it he wants to build a small guestroom which he plans to rent to tourists during summer. He asks for a loan in an amount of 1,000,000 Armenian drams in order to manage to start building his small guestroom.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Nver to start building his small guestroom.
65% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 22, 2014
Feb 3, 2014
Currency Exchange Loss: