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Eteri R. lives in Vanadzor city. She lives alone as her only son is serving in the army now. For the past 10 years, Eteri has managed a clothes trading business in a rented shop. She sells various kinds of clothes: men’s, women’s and children’s clothes, outerwear, bathrobes, socks, etc. Eteri purchases merchandise in Yerevan to sell in her shop in Vanadzor city and thus supports herself and her son.

Eteri has received ten loans from Nor Horizon and she has never delayed her repayments. Now she is asking for a 700,000 dram loan to buy a spring clothes 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
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Eteri to buy a spring clothes assortment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2011
Feb 23, 2011
Currency Exchange Loss:
May 15, 2012