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Varduhi lives in Yerevan with her husband and two school-aged daughters. She graduated from teacher-training college and worked at a school for about 10 years. Seven years ago, she rented a shop where she creates flower arrangements and wedding baskets, and also sells wedding accessories. Thanks to a previous Kiva loan, Varduhi was also able to start renting evening dresses. Now she is applying for a new loan for $3,000 to buy new items to sell to her customers, including a perfumery.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Varduhi to buy a perfumery for her business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 27, 2011
Jun 29, 2011
Currency Exchange Loss:
Jan 17, 2014