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Gohar, age 49, operates a business selling convenience foodstuffs. She has been engaged in this venture since 1995. She is a graduate of Yerevan State Industrial College and worked for many years as a technician in factories in Sevan city. However, after the collapse of the Soviet Union, Armenia was in difficult economic conditions. This is when Gohar decided to launch her own business. Her shop is in a remote area of Sevan city where there are few other shops, and this is why she has so many clients. Her business is going well and she is very pleased.

Gohar lives in Sevan city with her husband and their two daughters. Her husband travels to the Russian Federation when seasonal work is available. Her eldest daughter is a teacher, and the younger daughter is a student at Yerevan State University, studying in the department of philology.

Gohar is requesting a loan in the amount of 400,000 Armenian drams, which she will use to add fresh vegetables and fruits to her inventory. Gohar believes that her clients' time is valuable and that they will respond favorably to the convenience of being able to buy their fruits and vegetables at her store.

She is confident that she will receive a good profit from this new activity.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Gohar to buy a large number of fruits and vegetables to offer for sale in her shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 11, 2013
Apr 5, 2013
Currency Exchange Loss:
Oct 17, 2014