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Siranush is 46 years old and she lives in Vnadzor city. She has graduated Yerevan State Medical University and now she works at the Vanadzor Health Center as a therapist. Siranush is married and she has three children: two sons and a daughter. Her husband works at the sewing workshop as a chief of the workshop. Their elder son studies at the Yerevan State Polytechnic Institute at the faculty of Radio Communication. Their other two children are still school-aged.

Siranush and her husband are working very hard with a strong desire to provide good living conditions for all their children. The result of their hardwork is that, after a long period of saving some money, they have managed to buy a small flat in Yerevan city and now their son lives in that flat while he is at the Polytechnic Institute.

Now Siranush asks a loan of 1,000,000 Armenian drams in order to improve her son’s living conditions in that flat, where they need to do some reconstruction and also to buy some furniture for the apartment.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Siranush to improve her son’s living conditions in a flat which they have purchased for him, where they need to do some reconstruction and also to buy some furniture for the apartment.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Oct 19, 2013
Currency Exchange Loss:
May 18, 2014