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Varduhi A. lives in Ijevan city with her husband, a daughter and a son. For a long time, she worked in a consumer services agency. Since 2008, she has had her own food and household goods shop (which is only in that area), and also Varduhi's mother-in-law helps her to manage a fruits and vegetables trading in one of the Ijevan central streets. With the profit from her business, Varduhi was able to buy some necessary furniture for her house, and solve her family's needs. In future she intends to gain bigger profits and thereby to develop her business.

Now Varduhi needs a 700,000 AMD loan to extend the assortment of household goods (soaps, detergents, etc.) in her shop and to buy strawberries, cherries and apples to increase her fruits and vegetables trading.

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
  • 132
    View loans »
    Armenia Loans Fundraising
  • $14,328,200
    Funds lent in using Kiva
  • 383.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Varduhi to buy more household goods for her shop and buy strawberries, cherries and apples for her fruits and vegetables business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 31, 2010
Jun 3, 2010
Currency Exchange Loss:
Jun 23, 2012