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Greta is 61 year old and she lives in Kapan. Greta is a widow and she has three daughters. All of them are married and they live separately. Greta has studied at the Kapan Medical College and has a specialty as a midwife but she has never worked in this specialty.

For some time she has worked at the shoe making factory and now she is engaged in a clothes trading business at the Kapan wholesale market. She sells men and women's clothes, underwear, and children and teenager's clothes.

Great asks a loan of 250.000 Armenian drams to buy clothing for school-aged children to resell since the beginning of the new academic year is very close. She hopes to have a good income from this season's sales.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 412.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Greta to buy children's clothing for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 15, 2013
Sep 11, 2013
Currency Exchange Loss:
Sep 17, 2014