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Satenik G. lives in Yerevan and her only son lives and works in Russia. She worked in the National Library as a librarian until 1996. Then she rented place at the trade fair and began her business. She sells women’s and men’s clothes: blouses, pullovers, dresses and jackets. With the income of her business, Satenik was able to repair her apartment. She wants $3,000 to buy winter clothes to sell.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Satenik to buy winter clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 12, 2009
Nov 14, 2009
Currency Exchange Loss:
Jun 15, 2010