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Gayane was born in 1977. She lives in Kapan with her retired parents. Since 2004, Gayane has been running her own business: a small hairdressing and beauty salon. Her salon stays open until late in the evening and is open every day of the week. Gayane has a lot of regular customers, who are content with the salon’s services. She buys hair dyes, hairsprays, cosmetic remedies and necessary accessories from Yerevan.

Gayane is asking for a 900,000 AMD loan to buy a chair for hairwashing and some cosmetic remedies for her salon. This is Gayane’s seventh loan from Kiva partner, Nor Horizon, and she has never made a late repayment.

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
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 375.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Gayane to buy a chair for hairwashing and some cosmetic remedies for her salon.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 24, 2011
May 28, 2011
Currency Exchange Loss:
Feb 15, 2012