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Nazeli
Nazeli M. lives in Ijevan, Armenia with her husband and a son. Her daughter is married and lives separately from her parents. For about 10 years Nazeli has run a clothing sales business in Ijevan Central market, the proceeds from which paid for her children’s education and helps her husband to support their family. Nazeli is now requesting a 600.000 AMD loan to buy an assortment of women’s and men’s summer clothes to resell.

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

  • $6,300
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 369.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Nazeli to buy an assortment of women’s and men’s summer clothes to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010