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Naira is 42 years old and she lives in Dilijan city. She lives with her two school-aged children.

Naira works at the school, and at the same time she sells vegetables at the Dilijan wholesale market. She buys her stall products from the nearby villages. She works very hard to earn to support their living and provide good living conditions for her children. Naira manages all the work alone, and dreams of a better and easier life for her small family.

Naira asks a loan of 500,000 Armenian drams since she wants to buy a garage as she has no place to store the vegetables for sale. Keeping it at home is not comfortable, and there is a little space for it.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Naira to buy a garage for her vegetables.
60% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 7, 2014
Apr 1, 2014
Currency Exchange Loss: