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Ofelya S. is a 50-year-old widow. Her husband was a volunteer soldier who died in the Artsakh war. Ofelya has a daughter and a son who are helping her run her business. She has a private house where she has built a bakery. Here she bakes and sells her product. Now Ofelya needs $2300 to repair her bakery and buy modern equipment for her business.

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 Armenia

  • $6,300
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Ofelya to repair her bakery and buy modern equipment for her business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Aug 7, 2009
Aug 10, 2009
Currency Exchange Loss:
May 18, 2010