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Areta
Areta M. is 54 years old and lives in Vanadzor. She has two sons and one daughter. Her daughter is married and lives in Europe. One of her sons is married and lives in another part of Vanadzor. The other son is not married and lives with Areta and her husband.

Areta and her husband opened their shop across from their house two years ago, but they have been in this business for 12 years. They sell groceries and household goods such oil, paper goods, towels, toys, jam and soap, etc...The profits from the sales allow them to take care of the needs of their family.

They are seeking a loan of 450,000 Armenian Drams to add more items and a wider selection to their store. She will use the loan money to purchase school supplies in anticipation of the beginning of the school year in September.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 367.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Areta to purchase school supplies and household goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2010
Listed
Aug 20, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2011