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Ruzanna
Ruzanna is 27 years old, and she lives with her husband in Vanadzor city in the Lori region. She has a son who is 2 years old. Her husband is a policeman at the Military Police. Ruzanna has higher education of pedagogue, but she never worked as a teacher. Despite her young age, she is a very successful business lady.

She works in her own shop where she sells women's and men's clothes of different fashions and styles. She has run her business already for four years. She brings her shop’s merchandise from Yerevan city wholesale markets twice in a month.

Ruzanna needs this loan in order to buy a nice and stylish summer season clothes collection, such as women's dresses, and women's and men's trousers and jeans.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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.

About Armenia

  • $6,400
    Average annual income
  • 116
    View loans »
    Armenia Loans Fundraising
  • $12,677,975
    Funds lent in using Kiva
  • 412.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Ruzanna to buy a nice and stylish summer season clothes collection, such as women's dresses, and women's and men's trousers and jeans.
32% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible