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Sep 29, 2016 6:40 PM ET

Archived: Armenia: Arsen – A loan of $1,275 helps to pay for his daughter’s tuition fee for the whole academic year.

iCrowdNewswire - Sep 29, 2016


Ararat region, Armenia / Higher education costs
Borrower image

Arsen’s story

Arsen lives in the Verin Artashat village of the Ararat region. He is married and has two pretty daughters. Both of them are students already.

For many years Arsen was engaged in grape cultivation and he had a nice vineyard. Now he is employed at a gas station. Arsen’s wife is unemployed.

Arsen works hard to cover his family needs and it is especially hard for him since his youngest daughter studies at the paid division, and it is time for him to pay the full year tuition fee. Arsen is asking for this loan of 600.000 Armenian Drams in order to pay for his daughter’s tuition fee for the whole academic year. 

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: 

“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 $1,275 helps to pay for his daughter’s tuition fee for the whole academic year.

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