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Lyubov B. lives in Vanadzor city. She is a widow and has two daughters who are already married and live separately from their mother.

8 years ago, Lyubov began to rent a shop where she manages her own business: woman's clothing retail shop. In her shop Lyubov retails skirts, trousers, blouses and outerwear. Her daughter's mother-in-law helps Lyubov in her business and replaces her once a month when Lyubov goes to purchase more merchandise. Now, Lyubov has some coats in her shop which remain from last year, and now she wants to increase her shop’s assortment of coats. Thereto she is asking for a 1,000,000 Armenian drams loan to buy winter jackets and overcoats for her business.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 361.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Lyubov to buy winter jackets and overcoats for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 19, 2010
Nov 22, 2010
Currency Exchange Loss:
Jul 15, 2011