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Tamara S. lives in Sevan with her son, daughter-in-law, and granddaughter. Tamara worked in a laundry for about 16 years. In 2006 she opened her own food shop and her son helps her a lot in her occupation.

Thanks to her first Kiva loan, Tamara has organized household goods trading in her shop, which allowed her to increase her income from business and improved her family’s living conditions.

Tamara purchases the merchandise for her shop from suppliers, but now she wants to receive 1.000.000 AMD loan to buy a car, which will allow her to purchase the merchandise for her shop from Yerevan and so to reduce the costs of her business.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 363.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Tamara to buy a car for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2010
Sep 15, 2010
Currency Exchange Loss:
Sep 15, 2012