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Lena is 62 years old. She lives in Vanadzor with her husband who works at the factory. Both of Lena's daughters are married and live separately form their parents. For more then 15 years Lena has been in sales: she sells women's clothes and undergarments. Lena rents a store at the Vandzor central market and purchases her wares wholesale in Yerevan, the capital of Armenia. Lena likes managing her store and being able to help her husband support the family. She has many regular clients and her goods sell out quickly.

Lena has taken a loan from Nor Horizon four times already and now she requested a loan of 500,000 dram to purchase a batch of winter clothes and undergarments for her store.
View original language description ↓
Лене 62 года. Она живет в Ванадзоре со своим мужем, который работает на заводе. Обе дочери Лены замужем и живут отдельно от родителей.
Более 15 лет Лена занимается частным бизнесом: продажей женской одежды и белья. Лена арендует помещение на Ванадзорской центральной ярмарке, а товары она приобретает на Ереванских оптовых рынках. Лене очень нравиться заниматься бизнесом и помогать мужу содержать семью. У Лены много постоянных клиентов и поэтому ее товар раскупается очень быстро.
Лена получала кредит от Нор Оризона 4 раза и сейчас ей необходим кредит на сумму 500.000 драм для приобретения зимнего ассортимента женской одежды и белья для своего бизнеса.

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
  • 155
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 383.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Lena to buy winter assortment of clothes and underclothes for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 8, 2011
Nov 14, 2011
Currency Exchange Loss:
Dec 17, 2013