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Arusyak P. lives in Sevan with her parents and brother. Arusyak has her own food trading business, which she runs in her private shop. Her brother helps Arusyak in the business by delivering products to the shop. Arusyak needs a 700,000 AMD loan in order to organize the household goods trade in her shop, which would help her to increase the number of clients she serves.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 385.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Arusyak to organize the household goods trade.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 28, 2009
Oct 29, 2009
Currency Exchange Loss:
May 15, 2011