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Gayane is 35 years old and she lives with her family in Kapan city. Gayane got married very young and she did not manage to have higher education, since very soon her two children were born. Now her daughter is school-aged and her son has graduated school and looks for some job. Gayane’s husband works at the private company as a worker. Gayane herself tries to do her best in order to make their family income more. Now she works at the kindergarten and at the same time she is engaged in giving hairdressing services.

The incomes that these spouses earn from their occupations hardly cover their family needs, but they greatly want to provide their children with comfort and now they rely on Kiva lenders’ support. Gayane asks a loan of 300,000 Armenian drams in order to buy some furniture (kitchen furniture and a sofa for the guest-room) for their flat.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 411.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Gayane to buy some furniture for their flat.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 24, 2014
Feb 19, 2014
Currency Exchange Loss:
Apr 18, 2015