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Arusyak P. is 31 years old and lives in Sevan City with her parents and brother. Arusyak has her own food trading business, which she runs out of her private shop. Her brother helps Arusyak in the business by delivering products to the shop.

Thanks to her first Kiva loan, Arusyak has organized the household goods trade in her shop, which helps her to increase the number of clients she serves.

Now Arusyak is asking for a 1,000,000 AMD loan to buy sausages, semi-prepared foods and other items. She also plans to increase the household goods assortment in 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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 373.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Arusyak to buy sausages, semi-prepared foods and household goods for her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 8, 2011
Apr 11, 2011
Currency Exchange Loss:
May 17, 2013