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Ruzanna, who is 50 years old, lives in Vanadzor city, which is in the Lori region. Ruzanna is married and she has a son and a daughter. Ruzanna has a higher education degree in pedagogue and, for many years, she has worked at the school as a teacher of the English Language.

There was a time when it was very hard to provide two students with normal living conditions and also pay tuition fees with the salary of teacher. So, she decided to start her own clothing trading business. She mainly sells women’s clothing at a rented stall in the city’s wholesale market. Ruzanna brings products to her stall from the Yerevan wholesale markets once a month with the help of her husband.

Ruzanna requests a loan of 1,000,000 AMD so that she can both renew her stall’s women’s clothing assortment and buy women’s under garments to begin selling as well.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Ruzanna to renew her stall’s women's clothing assortment and to buy women's under garments to begin selling as well.
53% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 4, 2013
Currency Exchange Loss: