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Nazik
Nazik G. was born in Yerevan in 1968. She is married and has a son and a daughter. Her husband works in an ice-cream factory. At present, her son is in the army, protecting the Armenian state boarder. Her daughter is a student. For 10 years Nazik has been engaged inthis business. Nazik rents a stall in a trade center in Yerevan, near her house, where she resells fruits and vegetables, which she buys from the Malatia food market. Nazik is very lively person. She works very hard and thanks to that she has a large quantity of clients who are glad to do their shopping from Nazik's stall. The profits from the sales allow her to take care of the needs of her family, support her son's needs in army and pay for daughter education.

Nazik has requested a 400.000 AMD loan to increase the fruits and vegetables assortment in her stall in advance of New Year’s holidays, when the trade is very active

This is Nazik’s second loan from Kiva and Nor Horizon.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 360.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Nazik to increase the fruit and vegetable assortment in her stall in advance of New Year’s holidays.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Dec 7, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011