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Gohar V. lives in Yerevan with her son, whom she brought up by herself. For more than 10 years Gohar worked in a shoe shop as a salesperson, and for about 14 years Gohar has run her own clothes trading business in different markets. Now, Gohar is renting a trading stall in the biggest Yerevan clothes market, where she manages her business.

Gohar sells only men’s clothes, and she says it is a correct choice, because the majority of offered merchandise in Armenian markets is women’s clothes, so she has a lot of regular customers. Once a month she imports clothes from neighboring countries to resell.

For a long time Gohar has solved her family’s needs and paid for her son's education thanks to her business income. Owing to this education, now Gohar’s son has a job and he shares the family’s expenses with his mother.

Gohar seeks a loan of $3,000 to buy winter assortment of sweaters, blazers, sweatshirts, jackets, etc. for her shop.

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
  • 140
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gohar to buy winter assortment of sweaters, blazers, sweatshirts, jackets, etc. for her shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Nov 26, 2010
Currency Exchange Loss:
Aug 25, 2012