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Susanna
Susanna was born and lives in Vanadzor city. She is 55 years old. Susanna is a single mother and has a son who now is serving in the Armenian Army. After graduating from school, Susanna worked in different plants in Vanadzor. She had a hard live and raised her son alone. After the Soviet Union period, Susanna ran her own clothes trading business in Vanadzor. She now rents a stall in a one of the biggest Trading Centers in Vanadzor and resells womens clothing, which she buys from Yerevan wholesale markets.

Trading business challenging for a single woman, but she does it with her great pleasure and she receives enough money to provide for her small family. Susanna hopes that after her son’s military service, she will be not alone in her hard but profitable business and hopes to develop her trading together with her son.

Susanna needs the 500,000 AMD loan to add to her clothing assortment for big sales on Christmas and New 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.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Susanna to provide clothing assortment for big sales on Christmas and New Year.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013