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Sargis lives in Sevan city in Geghakunik region. He is married and he has two daughters. Both of them are students; his elder daughter studies at the Yerevan State University in the faculty of Government and Economics, while his younger daughter studies at the Yerevan State Pedagogical Institute at the faculty of Fine Arts. Both of them study in the paid divisions.

Since Sargis is the only employed person in his family, he can hardly manage to make ends meet. All financial questions are his responsibility to solve and he feels very upset since, working the whole day long, he still does not have the chance to provide for his family properly as he wishes.

Sargis is asking for a loan of 370,000 Armenian drams since he must pay his daughters’ tuition fees, 180,000 drams for his elder daughter’s education and 190,000 drams for his younger daughter’s education.

Additional Information

More information about this loan

This loan supports students and teachers as part of Nor Horizon’s education program. Funds can be used for partial or complete payment of expenses related to higher education for students or for teachers who need to invest in assets for their profession. By supporting this loan, you're enabling access to education for students with limited options and assisting teachers to better educate their students.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 414.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Sargis to pay for his daughters’ tuition fees.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 21, 2014
Apr 5, 2014
Currency Exchange Loss:
Nov 17, 2014