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Anna is 28 years old. She lives in Ijevan with her jobless mother. Anna graduated from the Ijevan branch of Yerevan State University where she has acquired a profession of philologist.

Because Anna’s father is dead, she was forced to keep her family with herself. Therefore she has two occupations. She works as a secretary in one of Ijevan’s organizations, and she also runs her own business. She sells clothes directly from her house. This fact allows her to save on stall rent. Every month she buys merchandise from wholesale markets in Yerevan. Anna makes an emphasis on children's clothes, as she says that those goods are always in popular demand. She has a lot of regular customers, and she knows their tastes very well, so she tries to buy merchandise according to their requirements.

Her business allows her to keep her small family, and she intends to develop her trading. She needs a 500,000 AMD loan to buy various spring clothes, house slippers, baby sets, etc. to resell. This is Anna's second loan from Nor Horizon.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,776,200
    Funds lent in using Kiva
  • 389.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Anna to buy various spring clothes, house slippers, baby sets, etc. to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 17, 2012
Feb 20, 2012
Currency Exchange Loss:
Sep 17, 2013