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Olya M. was born in 1953 in Sevan, which is a beautiful town not far from Yerevan. Her family consists of two members: her 87-year-old mother, whom she takes care of, and herself. Olya has never been married and has no children. She finished secondary school. Before 1995, Olya worked as a shop assistant at the big local store, but then she decided to organize her own business with personal funds. Now she is busy selling ladies', men’s and children’s clothes at the trade fair. Olya needs a $550 loan to buy and sell children’s school uniforms before the beginning of the school year on the first of September.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,137,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Olya to buy and sell children’s school uniforms.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 11, 2009
Aug 10, 2009
Currency Exchange Loss:
Sep 15, 2010