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Astghik is 50 years old and she lives in Vanadzor city in Lori region. Astghik has the specialty of accountant, but she never worked as an accountant. She works at the gas station as an inspector. Her husband is in a trading business. They have a son, who works in Russian Federation, and a daughter, who is already married and lives separately with her family.

Astghik, working very hard with her husband for years, has managed to save some money, which they used on repairing their house. Most of the work is over except for some details for which they have no money any more. Astghik hopes that with finishing repairs to their house their son will come back from abroad and finally get married. Astghik just dreams of the day when she will have grandchildren, which will make her life happier, brighter and more meaningful.

Astghik asks for a loan of 350,000 Armenian drams in order to finally finish the repairing of their 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.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Astghik finally to finish the repairing of her house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 14, 2014
May 11, 2014
Currency Exchange Loss:
Jul 17, 2015