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Areta
Areta Maruqyan is 55 years old and lives in Vanadzor. She has two sons and one daughter. Two of her children are married and live separately and one son, still single, lives with Areta and her husband.

Areta and her husband opened a shop across from their house three years ago, but they have been in this business for 13 years. They sell groceries and household goods such oil, paper goods, towels, toys, jam, soap, etc. The profits from the sales allow them to take care of the family's needs. Areta is seeking a loan of 1,000,000 AMD to buy sausages, macaroni, coffee, tea, household goods and other items for her shop. This is Areta’s 8th loan form Nor Horizon and 2nd loan from Kiva.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 373.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Areta to buy sausages, macaroni, coffee, tea and household goods for her shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
May 7, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012