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Gohar is 40 years old, and she lives in Kapan city. She graduated her school at the Yerevan city, but after getting married, she moved to Kapan city. She has two sons. Her husband works at the gas station.

Gohar has her own business; she sells bed covers, bed linen, towels, bathrobes, and night dresses both for men and women. She rents a stall at the wholesale market of their city. She is very satisfied of her business since the assortment of her stall is great, and she always has a lot of customers. She brings her stall product from Yerevan city once a month by the help of her husband.

She asks a loan of AMD 800,000 in order to buy a new collection of products for her stall.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
A loan of $1,975 helped Gohar to buy a new collection of products.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 25, 2013
Currency Exchange Loss:
Nov 24, 2013