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Jemma is 44 years old and she lives in Vanadzor city with her husband (who has seasonal work), his daughter and her father-in-law. Eleven years ago Jemma rented the shop where she runs her business. She sells women’s and children’s clothing, underclothes, shoes and slippers at her shop. Jemma buys merchandise from Yerevan and resells it in Vanadzor city to raise money and support her family.

Jemma needs a 900,000 AMD loan to buy summer seasonal clothes and sandals 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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $15,776,200
    Funds lent in using Kiva
  • 373.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Jemma to buy summer seasonal clothes and sandals to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 18, 2011
May 21, 2011
Currency Exchange Loss:
Jun 17, 2013