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Goharik V. lives in Vanadzor city with her family. Her daughter and husband help Goharik in her business, which consists of souvenir and glassware trading. Goharik has been engaged in this business for 21 years. She uses the income for her family. Goharik purchases an assortment of products from Yerevan once or twice a month, and from Georgia once a month.

This is Goharik’s 13th loan from Kiva partner, Nor Horizon, and her second loan via Kiva. Goharik used her first Kiva loan to buy a large lot of glassware and souvenirs, which she sold very profitably. Now she is asking for a 1,000,000 AMD loan to increase her shop’s assortment by purchasing flower bowls, fruit bowls, etc.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,137,850
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Goharik to purchase flower bowls, fruit bowls, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 18, 2011
Feb 20, 2011
Currency Exchange Loss:
Sep 17, 2011