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Naira is 50 years old. She lives in Vanadzor city with her husband and her father-in-law. Naira’s daughter is married and she lives separately from her parents; Naira’s son lives in Russia.

For more than seven years Naira has sold clothes from her own shop. She retails women’s clothes, underclothes and bathrobes, men’s sweaters and shirts as well. Once a week Naira goes to Yerevan to buy merchandise and between seasons she buys clothes for her business from a neighboring country.

Thanks to her business income Naira can keep her family, since her husband and father-in-law are jobless.

This is Naira’s seventh loan from Nor Horizon and she always makes her loan repayments on time.

Now she is seeking a loan of AMD 800,000 to buy winter outerwear to resell.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,137,850
    Funds lent in using Kiva
  • 381.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Naira to buy winter outerwear to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Dec 5, 2011
Currency Exchange Loss:
May 15, 2012