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Narghush S. was born in 1959 in Lusahovit village in the area of Ijevan. She got married and moved to Ijevan city when she was 18 years old. Now Narghush has 4 children: three daughters and a son. Two of her daughters are already married and live separately. Unfortunately a year ago Narghush's husband (who was Nor Horizon's client for a long time) died and now Narghush and her children continue their family’s business without him.

Narghush and her family are running a bakery where they bake white and brown bread, whole meal bread and lavash (a flat bread). Narghush sells the bakery's produce on-site and she distributes bread at two food shops as well. Thanks to her business income, Narghush can solve her family's needs.
Narghush is asking for a 1,000,000 AMD loan to repair her bakery and to buy a new stove for lavash baking.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 373.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Narghush to repair her bakery and buy new stove for lavash baking.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 28, 2011
Apr 30, 2011
Currency Exchange Loss:
May 17, 2013