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Gohar M. is 28 years old and lives in Sevan with her husband, mother-in-law and two sons. One of her sons is school-aged while the other goes to kindergarten. Gohar is a teacher and worked in this profession for several month before leaving in order to take care of her children. In 2009, Gohar set up her own business in a rented space. She sells women's, men’s and children’s clothes. Gohar is requesting a loan of 800,000 AMD to expand her business by buying spring clothing to resell.

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
  • 131
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • 378.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Gohar to buy spring clothing to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2010
Feb 8, 2010
Currency Exchange Loss:
Jun 15, 2010