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Paytsar
Paytsar H. is 37 years old. She lives in Sevan with her husband, two school-age children, and parents-in-law. For about 10 years, Paytsar was engaged in clothes trading, but in 2005 she decided to change her business area. She started to run a fruit and vegetable trading business because, in her opinion, it’s more profitable in Sevan. Her husband helps her in this occupation, and, thanks to this fact, they sell fruit and vegetables from a stall and deliver goods to neighboring villages as well.

Thanks to the business’s income, Paytsar and her husband have been able to provide for their family and buy a car for their business, and now they are collecting money for their children’s further education.

Paytsar asks for a 1,000,000-AMD loan to buy fruit (especially citruses) and vegetables for her business. Paytsar has received loans from Nor Horizon 10 times without delay.

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

  • $6,400
    Average annual income
  • 184
    View loans »
    Armenia Loans Fundraising
  • $13,239,150
    Funds lent in using Kiva
  • 360.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Paytsar to buy fruit (especially citruses) and vegetables for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012