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Emilia A. lives in Kapan city with her husband and a son. For about ten years, Emilia has run her own business of selling clothes and shoes in the Kapan clothes market. Once a month, Emilia and her husband go to Yerevan wholesale clothes market to buy men's, women’s and children’s clothes and shoes for Emilia’s business.

Emilia says children's shoes are in good demand in any season, so she tries to place an emphasis on selling children’s shoes.

Emilia asks for a $1,300 loan to buy a spring assortment for 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
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Emilia to buy a spring assortment for her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Feb 16, 2011
Feb 17, 2011
Currency Exchange Loss:
Jan 15, 2012