Rima and her son who lives with parents have run their own trading business since 2000. In their shop they sell food, beverages and household goods. Rima’s business helps her to meet her family’s needs for the most part.
In advance of New Year’s holiday, Rima intends to diversify her shop's assortment of goods, so she is asking for a 1,000,000 AMD loan to buy a large quantity of sweets, sugar, flour, butter, juice and household goods to resell.
This is Rima’s third loan from Kiva partner Nor Horizon and she has never delayed her repayments.
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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Success!! The loan was 100% repaid