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Arevik
Arevik is 43 years old and lives alone in Sevan city which is in Gegharkunik region. She sells fruits and vegetables, which she has been doing for 10 years. She manages her business at the food market where she rents a small stall and sells large variety of fruits (apples, plums, peaches, and bananas) and vegetables (beans, potatoes, cabbage, onions, peppers, greens, etc.).

Arevik is requesting a loan for 500,000 Armenian drams, which she will use to buy fruits and vegetables for her trading business, so that she always has a fresh assortment at her stall.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 410.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Arevik to purchase fruits and vegetables.
71% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2013
Listed
Aug 5, 2013
Currency Exchange Loss:
Possible