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Gayane is 34-years-old and she lives in Vanadzor in the Lori region. Gayane is married and she has three school-aged daughters. She has the specialty of a nurse, but she has never worked and it has already been ten years that she has been engaged in the trading business. On a rented stall, she sells curtains, covers and different fabrics. During these years, she has already managed to attract many customers who have become her loyal customers. Gayane is very pleasant, cute and patient in her business. She even has a sewing machine and she herself sews and helps her customers to design the curtains or cover for their room, which they choose at her stall. She brings her stall’s products from the Yerevan wholesale markets once a month. Her daughters also help her very much and sometimes they also give some advice and ideas with the design of curtains.

She asks for a loan of 1,100,000 Armenian drams in order to buy a lot of new assortment of fabrics for her business and to increase her income from it 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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Gayane to buy a lot of new assortment of fabrics for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 27, 2013
Dec 20, 2013
Currency Exchange Loss:
Jun 17, 2015