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Mkrtich is 37 years old and he lives in Dilijan city. He has no higher education and for many years he used to do different construction work at different companies. Now he works at a private company as a bricklayer.

Mkrtich is married and he has two children, who are school-aged. Mkrtich’s wife is unemployed and she takes care of their children. Lately Mkrtich, after many years of saving some money, managed to repair his house, but it would be great if he managed to furnish it also, for which he unfortunately has no money anymore.

Mkrtich asks a loan of 500,000 Armenian drams in order to buy a sofa for his living room and also kitchen furniture.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Armenia

  • $6,300
    Average annual income
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD
A loan of $1,250 helped Mkrtich to buy a sofa for his living room and also kitchen furniture.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 22, 2014
Feb 3, 2014
Currency Exchange Loss:
Mar 5, 2014