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Sofya runs a trading business. She rents a shop where she sells food, household goods, and toys. Sofya buys merchandise for her business from suppliers. Sofya’s shop has a very varied assortment of goods, such as beverages, food, dairy and meat products, candy, soft toys, washing agents, and shampoos. Thanks to the diversity of her shop, she has many customers, and her shop is opened late.
Sofya is 48 years old. She lives and runs her business in Yerevan. Sofya is married, and she has two adult children, a son and a daughter. Sofya’s husband works as a driver, and her son works as a storage worker at a book shop. Sofya’s daughter is married, and she lives separately from her parents. Sofya’s husband and son help her with her business, as it is the major part of their family’s income. Sofya is a teacher by training, but she has never worked as one. Instead, she worked as a shop assistant in a food shop many years ago, so she has good experience in this field.
Sofya needs a $3000 loan to buy tinned goods, tea, coffee, spices, confectionary, and other goods for her newly opened shop.

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.

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About Armenia

  • $6,300
    Average annual income
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Sofya to buy tinned goods, tea, coffee, spices, confectionary, and other goods for her newly opened shop.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 2, 2012
May 5, 2012
Currency Exchange Loss:
Jun 4, 2012