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Susanna
Susanna is 50 years old and lives in the city of Vanadzor, Armenia in the province of Lori. She lives with her daughter who is already grown-up but not yet employed. Their small family lives only on the earnings of Susanna, who for over 20 years has had her own clothing business. Susanna was running the same business for several years in Russia, but has since moved back again to Vanadzor. She continues her business in a rented shop in the central part of their city. She sells men's and women's clothing and shoes. The products for sale are purchased from the wholesale market in Yerevan. Susanna sometimes also purchases clothing and shoes from Turkey.

Susanna is asking for a loan of 450,000 Armenian drams in order to enlarge her business and shop assortment.

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

  • $6,300
    Average annual income
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Susanna to enlarge her business and shop assortment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2014