Update on LenaThis will be the second loan with Kiva for Lena, who lives in Vanadzor City, in the Tavush region. The first loan she used for the purchase of a winter assortment of clothes and underclothes for her clothes-trading business and the results were great. She is very satisfied with that winter period income and hopes for one more profitable cooperation.
Lena still works at the Vnadzor wholesale market at the rented stall. Her stall merchandise she brings from Yerevan in a rented car, once in a month. She sells men's, women's, and children's clothes of different fashions and sizes. She is happy that she managed to keep and develop her trading business during these 16 years since, through this occupation, she greatly helped her husband to earn their family's living. She also perfectly organized her daughters’ wedding parties. Lena lives with her retired husband, who worked at the furniture factory, but now he receives a pension.
Lena asks for a loan of AMD 500,000 (Armenian drams). Since spring season clothes are already in great demand among her customers, it is high time to renew her stall’s clothes collection and to change it all from winter to spring, full of colors and brightness.
Previous Loan DetailsLena is 62 years old. She lives in Vanadzor with her husband who works at the factory. Both of Lena's daughters are married and live separately form their parents. For more then 15 years Lena has been in sales: she sells women's clothes and undergarments. Lena rents a store at the Vandzor central... More from Lena's previous loan »
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.
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This loan has been fully funded!