For about 7 years Silva has been engaged in trading women's clothing. On weekdays she trades clothes in a rented place in “Surmalu” market, and on weekends at night she runs her business in “Hrazdan” market (where villagers come for wholesale purchases to resell).
At her stalls she sells tracksuits, dressing gowns, and house suits, which she purchases from Syria and Turkey twice a month.
Silva's husband helps her a lot at her business, and they support their family and their son's young family, because Silva's son is a singer and he doesn't earn a lot of money yet.
Silva intends to use part of her business profit to purchase merchandise from China in the future, as it is more profitable (Silva says in China clothes are cheaper than in Syria and Turkey).
Silva is asking for a $2,500 loan to buy a new assortment for her business: blouses, sweaters, etc.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
85View loans »