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Susanna has been engaged in clothes trading since 1996. She does this activity in a rented stall, in a market in Sevan. The merchandise she buys from Yerevan Wholesale Market, and then she transports them to Sevan for reselling. Her son helps her in this occupation. With the profit that she earns from her trading business, Susanna meets her family's needs.

Susanna is 61 years old and lives with her son in Sevan city. She has had a very hard life. She has a long work experience. She graduated from the Medical college of the Red Cross, and for many years she used to work as a nurse, in Sevan hospitals. Susanna is a widow, and her husband has died early. The salary of nurses was so low that, in order to support their son, Susanna launched her own clothes trading business. She has worked day and night, to provide a sufficient family income. She is very happy now, because she brought up her son alone, and he is a good person.

Susanna asks from Kiva lenders to borrow 1,000,000 Armenian Dram (AMD), to buy spring-summer season clothes from Yerevan wholesale markets. She will resell the clothes in her market stall in Sevan city.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,425 helped Susanna to buy spring-summer season clothes from Yerevan wholesale markets, for reselling in her market stall in Sevan.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 19, 2013
Currency Exchange Loss:
Jan 17, 2015