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Varduhi S. lives in Yerevan with her husband and two school-aged daughters. Varduhi graduated from the teachers training college and worked at the Nalbandyan School for about 10 years.

5 years ago she rented a shop where she creates flower arrangements and wedding baskets and offers accessories for sale. Varduhi’s husband works in the soft drinks and alcohol trade at the trade fair. Varduhi is requesting a $3,000 loan to expand her business, so she can rent evening dresses in her shop.

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
  • 102
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Varduhi offer evening dresses for rent in her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 24, 2009
Nov 25, 2009
Currency Exchange Loss:
Jul 15, 2011