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Lilit is engaged in a trading business of souvenirs, household goods, cosmetics, toys and soft toys, sunglasses, etc. in Sevan. She has been running her business about 4 years. Lilit rents a stall at a market and she buys merchandise from suppliers. As Lilit’s stall has a varied choice of goods, she always has many customers. Lilit says that her business goes well especially during holidays when demand for gifts (souvenirs, perfumes, toys) is very high.

Lilit is 26 years old and she lives in Sevan with her little son and mother-in-law. Lilit’s husband temporarily lives and works in Russia. Lilit’s business allows her to provide the major part of her family’s needs.

Lilit is asking for a 1,050,000 Armenian dram loan to enlarge the toy, soft toy and perfume assortment of her shop.

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
  • 168
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 392.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Lilit to enlarge the toy, soft toy and perfume assortment of her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 8, 2012
May 11, 2012
Currency Exchange Loss:
Jun 17, 2014