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Sofik
Sofik was born in 1952 in Yerevan. She is a widow and lives with her daughter, son-in-low and four grandchildren.

For more than 35 years, Sofik has engaged in garment making. For more than 20 years she worked at the manufacturer Metax as a seamstress. Then she worked at Ayas, a knitted goods factory, as a weaver.

After the Soviet Union period, Sofik and her husband decided to run their own business, so at first they started to sew for customers in their house. As demand grew, they decided to organize a little workshop in front of their house. Sofik and her husband produced various clothes for different organizations and individuals.

Five years ago, Sofik became a widow, and she could not cope with her business alone, so she asked her daughter’s family to move to her house and to help her with the business.

Thanks to their joint effort, they are able to continue the business and to keep it in their family.

Sofik needs a loan of 1,200 US dollars to buy a new sewing machine and different patterns and materials for her business.

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
  • 156
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sofik to buy a new sewing machine and different patterns and materials for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012