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Anush
Anush B. was born in 1965. She is widow and now she lives with her son, her daughter-in-low and two grandchildren. Anush’s two daughters are already married and they live separately from Anush.

Since 1982 Anush has worked as a seamstress and she takes orders for dresses, skirts, trousers and suits. Anush says her incomes from sewing is insufficient for the maintenance of the family and therefore she, her son and her daughter-in-low have organized a fruits and vegetables trading business in the neighborhood of Anush's sewing workshop.

Thanks to their joint action they support their family and have been able to save a moderate amount of money to buy a truck. That truck will allow them to transport fruits and vegetables from villages to their business place.

Anush asks for an 800,000 AMD loan to buy a new sewing machine and other necessary equipment for her sewing business and to fill in the missing amount of money for truck buying.

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

  • $6,400
    Average annual income
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Anush to buy a new sewing machine and other equipment and to add to savings for a truck.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012