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Mesrop is 38 years old and lives in Dilijan city. Mesrop is married and has two children. His son is in military service with the army and his daughter is in school. For many years, Mesrop has supported his family by doing different repairing and construction work. He works very hard with no time off but nevertheless earns a very low salary. This is why his house is still only half built. His house is two-storied, but the second story is not finished so, for now, his family lives on the ground floor.
Mesrop asks a loan of 500.000 Armenian drams to start building of the second floor of his house.

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.

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About Armenia

  • $6,300
    Average annual income
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD
A loan of $1,250 helped Mesrop to start constructing of the second floor of his house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 22, 2014
Feb 3, 2014
Currency Exchange Loss:
Mar 5, 2014