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Ani is 21 years old and she lives with her parents in Kapan city. After graduating her school she attended hairdresser courses. At the moment she works at home and she has many loyal customers who make an appointment beforehand to have their hair done or styled with a hair dryer, or have a haircut.

With the help of her father, recently Ani managed to buy a small space where she can have her own beauty salon. Now the building is still in process of repairing but very soon, maybe in December, the beauty salon will be ready for opening.

Ani has requested a loan of 3.000 US dollars in order to buy furniture for her salon such as special chairs and tables with a locker and several cabinets. Also she needs to furnish the waiting room with comfort for her salon customers.

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.

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About Armenia

  • $6,300
    Average annual income
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ani to buy furniture for her salon and to furnish the waiting room for her salon customers.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 11, 2013
Oct 10, 2013
Currency Exchange Loss:
Oct 17, 2015