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.
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 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.
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