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Lusya
Lusya sells clothes, food and household goods at her own small stall in Ijevan city. She has been running her business for more than 15 years. Lusya buys women’s, men’s and children’s clothes from Yerevan and also from one of the neighboring countries. Food and household goods are bought from suppliers. Lusya says that towels, children’s sets and confectionery are always in demand without reference to the season so she puts an emphasis on this merchandise.

Lusya is 62 years old. She is widow and she lives with her son’s family in Ijevan. Lusya has 3 grandchildren.

Thanks to her business Lusya solves most of her family’s needs, as her daughter-in-law stays at home and takes care of her children. Lusya’s son is an employee in one of Ijevan’s companies.

Lusya needs a 550,000 AMD loan to develop her shop assortment. She will especially buy spring season clothes and a lot of candy and confectionery to resell.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    Funds lent in using Kiva
  • 392.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Lusya to buy spring season clothes and a lot of candy and confectionery to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 29, 2013