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Susanna
Susanna lives in the village of Geghamavan, which is in the Gegharkunik region. She is 47 years old. She is married and she has a son. Her husband does construction work. From time to time, he goes to the Russian Federation for work abroad; at this moment, he is working in Yerevan city.

Susanna has no higher education, and for many years, she worked as a milkmaid at the village farm. Now she has established her own farm; in her farm she has two cows, two calves, a pig, seven sheep and 40 chickens. She also raises potatoes on her plot of land. She sells all her farm products at the city wholesale market.

Susanna asks a loan of 800,000 Armenian drams in order to make a surprise for her husband and buy a car for him. He needs the car greatly, since very often he goes to different regions to do his work, and sometimes, he spends more money on roads than he earns for his family.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,400
    Average annual income
  • 106
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,975 helped Susanna to make a surprise for her husband and buy a car that he needs to travel to different regions for his work.
83% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
Possible