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Susanna and her retired husband live in the village of Agarak in the Syunik region. They have two daughters and a son; all are married and live abroad with their families.

Susanna for many years has worked as a saleswoman, and now she has her own clothes business. She rents a space in Kapan city where she sells mainly children clothes. Her stall assortment is very great and colorful, and both parents and their children like Susanna’s stall very much.

She asks a loan of AMD 1,000,000 in order to buy a new warm-clothes collection for winter.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Susanna to buy a new warm-clothes collection for winter.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 22, 2013