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Nelli is 20 years old. She lives in Ijevan city with her parents and her school-aged brother. Nelli has been running her own hairdressing salon for about two years. Before this business, Nelli was engaged in food sales, but in 2009 she changed her business and she hasn't regretted this change.

With the help of her first Kiva loan, Nelli was able to develop her hairdressing salon and now she has a lot of regular clients. Now her business is going very well and thanks to profit from her business, she and her parents decided to open also a small butcher shop. They have already bought a refrigerator and meat chopper and they hope to start their new business very soon. Nelli transferred her hairdressing salon to her home, where she assigned a room for it. So Nelli and her parents set up their new butcher shop in the place of hairdressing salon. Nelli is seeking a loan of 500,000 AMD to buy a shop-window refrigerator for her new butcher shop.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 364.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Nelli to buy a shop-window refrigerator for her new butcher shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 29, 2011
Jul 29, 2011
Currency Exchange Loss:
Feb 15, 2013