Frida has had a very hard life. She got married too early. Frida and her husband didn't have any special skills, but they started to work when they were 18 years old and hadn’t any time to study. Frida’s parents-in-law helped them greatly, in their grandchildren's upbringing.
In 1990, the couple launched their food trading business. With the profit from their activity, they were able to sustain their family. In recent years Frida has been running a clothes trading business, also. She buys large quantities of clothes from Yerevan at wholesale centers, and she resells them in Sevan city at retail.
Frida needs 1,000,000 Armenian Dram to buy new spring-summer season, women's clothes for reselling. She will use the anticipated profit from this activity to pay her daughter's semester tuition and fees at university.
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.
161View loans »
Success!! The loan was 100% repaid