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Margarit
Margarit A. lives in Sevan with her husband who is a pensioner. She has 3 children and all of them are married and live separately from their parents.

Margarit is a food technologist; she worked as a head of a laboratory for a bread-baking plant. After that, she worked as a food technology and culinary teacher at Sevan College. Margarit now manages her own clothes trading business in Sevan fair.

Mаrgarit is a 5th cycle borrower from Nor Horizon, and now she needs an 800,000 AMD loan to buy an assortment of spring clothes for her business. In the future, Margarit and her husband intend to become involve in bee-keeping, which will help them to increase their income.

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.

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

About Armenia

  • $6,400
    Average annual income
  • 123
    View loans »
    Armenia Loans Fundraising
  • $12,892,725
    Funds lent in using Kiva
  • 400.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Margarit to buy an assortment of spring clothes for her business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2010
Listed
Apr 5, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012