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Ruzan was born in 1965 in Yerevan. She lives with her husband, son, daughter-in-law and grandson. Ruzan’s daughter is married and lives separately from her parents. Ruzan’s husband is a shoemaker and had his own workshop, but because production in Armenia was not so profitable, he and Ruzan decided to get involved in trade.

For more than 15 years, Ruzan and her husband have been engaged in a shoe sales business. For about seven years they have been renting a stall in the one of the biggest subway stations in Yerevan, where they sell children’s, men’s and women’s shoes. They buy merchandise from Georgia and Yeravan’s wholesale fair. Thanks to their own business, Ruzan and her family have improved their living conditions and bought a car, which helps them to decrease their business expenses.

Ruzan is requesting a 450,000 Armenian drams loan to add to her shop's shoe assortment, especially children’s shoes. She intends to spend her future income on children's and students' shoes, which she will purchase ahead of the academic year.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 367.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Ruzan to add to her shop's shoe assortment, especially children’s shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 12, 2011
Jul 20, 2011
Currency Exchange Loss:
Aug 16, 2012