But after the collapse of the Soviet Union, her husband lost his job. In order to support her family Aida started her own business in 1993 selling fruits and vegetables from a rented shop in Sevan. She buys much of her produce from villagers and then uses the family car to take it to her shop. Aida's husband works with her in this endeavor.
Aida is applying for a 900,000 AMD from Nor Horizon to buy greater quantities of vegetables and fruits to sell. Although the work is very hard, the income makes it worthwhile. It supports Aida's family during this time of economic crisis in the region where they live.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
174View loans »
Success!! The loan was 100% repaid