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Seda S. is a widow who lives with her two sons in Yerevan. Seda’s daughter is married and has her own family, but she helps her mother in her business of trading bedclothes. Seda has been running her business for about eight years. She purchases merchandise from Turkey twice a month, and when Seda is away making purchases, her daughter take her place at the stall.

Thanks to her income, Seda supports her family and pays for her sons’ educations. Her sons will become economists in the near future, which was a dream Seda and her late husband shared during their life together.

Seda is seeking a $2500 loan to buy more bedclothes 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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Seda to buy more bedclothes to resell.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Nov 5, 2010
Nov 9, 2010
Currency Exchange Loss:
Feb 15, 2012