Check out some available loans that are similar to this one!
Sasun
Sasun is 29 years old and he was born in Ijevan City. After graduating from school, he passed his military service. For some time, he has been a worker and, since 2007, he has established his own business-a clothes trading business. He also has a very nice habit; he likes singing very much (as you can see in photo) and after hard working day as he says it helps him to calm down and relax. Now Sasun is in Russian Federation and his mother has power of attorney for her son and temporally she runs his clothes trading business. Sasun sends products from there for sale. At the rented stall in the wholesale market, which is located in Ijevan city, woman’s clothes, underwear, towels, slippers and children's clothes are sold.

Sasun asks for a loan of 1,000,000 Armenian drams in order to buy and send a lot of seasonal clothes for sale and on this way to develop his trading business.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 158
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 408.7
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,450 helped Sasun to buy and send a lot of seasonal clothes for reselling, which will help his mother to enlarge his business.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014