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Rita P. is 53 years old and lives in Kapan city. She is a widow and her only son lives in Russia with his family. For about 12 years Rita has run a clothes and shoes trading business. She buys merchandise from Yerevan once a week and resells it from a rented stall in Kapan clothes market. Rita is able to support herself with this business.

Rita is asking for a $1,000 loan to buy spring season clothes and shoes for her business. This is Rita’s eighth loan from Kiva partner, Nor Horizon, and she has never made a late loan repayment.

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
  • 140
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rita to buy spring season clothes and shoes for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 16, 2011
Feb 18, 2011
Currency Exchange Loss:
Mar 15, 2012