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Gayane is 45 years old. She lives in the city of Vanadzor with her husband and three sons. Gayane's husband works at the Vanadzor Chemical plant, the youngest son goes to school, the middle son recently returned from the army, and the oldest graduated from a university this year and is currenly looking for work. Gayane leases a space at the Vanadzor market and sells women's, men's and children's clothing 2-3 times per month. Gayane and her work colleagues rent a car and go to Yerevan for merchandise. She says that children's and women's clothing have the highest demand, and that is why she only sells undergarments out of men's clothing. Gayane needs a loan in the sum of 700,000 for the purchase of clothing in anticipation of the start of a new school year.
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Гаянэ 45 лет, она проживает в городе Ванадзоре вместе с мужем и тремя сыновьями. Муж Гаянэ работает на Ванадзорском Химическом заводе, младший сын учится в школе, средний недавно вернулся из армии, а старший сын окончил институт в этом году и в данный момент занят поиском работы.
Гаянэ арендует помещение на Ванадзорской ярмарке и торгует женской, мужской и детской одеждой. 2-3 раза в месяц, Гаянэ и ее коллеги по торговле арендуют автомобиль и едут за товаром в Ереван. Гаянэ говорит, что наибольшим спросом пользуется детская и женская одежда, поэтому из мужской одежды она продает только майки и сорочки.
Гаянэ необходим кредит на сумму 700.000 для покупки одежды в преддверии начала нового учебного года.

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.

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About Armenia

  • $6,300
    Average annual income
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 367.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Gayane to purchase clothing for the new school year.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2011
Aug 24, 2011
Currency Exchange Loss:
Sep 17, 2013