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Gyulnara A. was born in 1967 in Ijevan city. She is married and has a school aged son.
Gyulnara is a pharmacist, but since 1987, she has rented a stall where she manages her own business. Her business consists of selling clothes, underclothes, bedclothes and towels. She says children's clothes are always in popular demand, so she makes an emphasis on it at her business.
The profits from the sales allow her to take care of the needs of her family and support her trade.
Before the New Year’s holiday, Gyulnara wants to increase her shop’s assortment and therefore requests a 1,000,000 AMD loan to buy winter clothes for resale.

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
  • $14,083,350
    Funds lent in using Kiva
  • 360.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Gyulnara to buy winter clothes for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 7, 2010
Dec 8, 2010
Currency Exchange Loss:
Nov 15, 2011