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Here is a young business lady with a very shining name, Arevik, which in Armenian means ''Sunny.'' She is 36 years old and lives with her husband and two sons in Kapan city. She graduated from Kapan State Medical College, and after graduating, she has worked as a nurse in a Kapan hospital. Her husband is a driver and works in a taxi service in Kapan.

As her nursing salary is too low, Arevik decided to run her own business in Kapan. Last year, Arevik rented a stall in the Kapan clothes market and started to sell children's and women's clothes, which she buys from the Yerevan wholesale markets and transports to Kapan with her husband's support once a month. Arevik is very appreciated by her new occupation and as she confessed, the trading business is more profitable. Profit from the business allows her to meet her family's needs. At the same time, she couldn't give up her medical profession, and from time to time, she helps people in her surrounding area if they need it.

Arevik asks for a loan from Kiva to buy a new assortment of women's and children's clothes for the summer season in order to sell them in her stall in the Kapan clothes market. She hopes that this first deal with Kiva will be very successful and profitable for her.

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
A loan of $2,400 helped Arevik to buy a new assortment of women's and children's clothes.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 27, 2013
Currency Exchange Loss:
Jun 26, 2013