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Jun 24, 2016 7:19 AM ET

Archived: Armenia: A loan of $650 helps Karen, a lecturer of production technology at Vanadzor State First Engineering College, to buy a computer.

iCrowdNewswire - Jun 24, 2016




Vanadzor, Armenia / Education provider
Borrower image

Karen’s story

Karen is 56 years old and lives in Vanadzor city, Lori region. Karen is married and has two daughters (they are already married) and a school-aged son. His wife is a pedagogue and she works at the local school as a teacher. Karen has higher education and is an engineer by profession. He is very skilled and is really a master in his work.

At this moment, Karen works at Vanadzor State First Engineering College as a lecturer of production technology. He is a highly qualified machinery specialist and a famous master. This loan of 300,000 Armenian drams is so Karen can buy a computer. He will be so thankful for the support, since nowadays his profession needs great use of a computer as the main source of information.





This loan is special because:

It gives students and teachers an opportunity to fulfill their dreams.


Kendra Thorogood
Kiva staff


More 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 Universal Credit Organization Limited Liability Company:


“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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.



A loan of $650 helps Karen to buy a computer.



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