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59-year-old Arus is engaged in running a business in Achajur village, Tavush region. She rents a shop where she sells clothes, food, household goods and tableware as well. Her husband helps Arus in the business. Arus brings merchandise from Yerevan and also buys from suppliers in her village. Arus says that food and clothes-selling brings in good profit so she always tries to diversify her shop's assortment. She has been running her business for almost 20 years.

Arus has a big family and her business allows her to support her family. Arus's family consists of her husband, her son, daughter-in-law and 3 grandchildren. Arus's son fulfills private orders for construction, and her husband works as a watchman.

Arus is asking for an 800,000 Armenian dram loan to buy spring season clothes, and a lot of foods and household goods to resell. This is Arus'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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 392.1
    Armenia Drams (AMD) = $1 USD
A loan of $2,050 helped Arus to buy spring season clothes and a lot of foods and household goods to resell.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 12, 2012
Apr 19, 2012
Currency Exchange Loss:
May 19, 2012