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Lusik is a very charming woman who lives in her small flat in the Vanadzhor in the region of Lori. She is a widow. Lusik has a small family, a daughter and a son. She lives alone, since her husband is departed, her son is in the Russian Federation, and her daughter is married and lives with her own family. Lusik has a trading business in her small private market. She brings the clothes that she sells from Yerevan, and sometimes from Turkey, in a rented car. She has been in the trading business for about fifteen years, and she has a great deal of experience in this field. She greets customers with a smile, offers them clothes of various sizes and fashions, and offers prices that are as cheap as possible. As a result, Lusik has many regular customers and great income from her business. Lusik wants to have a loan with Kiva and is applying for a loan of 1,100,000 AMD (Armenian drams) to buy new spring-summer fashion clothes and women’s underwear for resale in her stall. She will be very happy if Kiva lenders and Nor Horizon support her loan.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Lusik to buy new spring-summer fashion clothes and women’s underwear to sell in her stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 25, 2013
May 26, 2013
Currency Exchange Loss:
Dec 17, 2013