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Sonya S. is 58 years old; she is a widow and lives in Yerevan with her son, daughter-in-law and 3 granddaughters. She has high school education and 26 years of experience as a mathematics teacher.

After retiring on a pension, Sonya refused to be out of work and 8 years ago she decided to organize her own business: women’s clothes and underwear trading. Owing to this fact, she shares their family’s expenses with her son. Sonya is renting a trading stall in the most popular trade market in Yerevan.

Sonya says she likes her present business very much and she is very happy that she has her occupation in her mature age. Sonya received loans from Nor Horizon 10 times without repayment delay.

Sonya is asking for a 750.000 Armenian drams loan to buy winter clothes assortment of sweaters, jackets and other outerwear 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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 362.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Sonya to buy winter clothes assortment for her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 24, 2010
Nov 24, 2010
Currency Exchange Loss:
Aug 15, 2011