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Tsaghik started her own business 15 years ago. She is involved in the food trading business at her own small stall. In the summer months, many tourists who go to the Sevan lakes from Yerevan visit Tsaghik’s shop. In the summer season, Tsaghik sells at her stall not only food, but also swimsuits, towels, ring buoys, etc. which are popular and in demand.

At the same time, Tsaghik is engaged in an agricultural activity. She breeds some cows and a pig. The agricultural products Tsaghik uses for her family. Tsaghik is 53 years old and a widow. She lives in Tsovagyugh village in the Sevan region with her daughter-in-law. Tsaghik’s son lives and works in Russia at the moment. Her daughter-in-law helps Tsaghik in her occupation and thus they provide for their family. Tsaghik is a cook and for many years, she worked at recreation area restaurants as a cook.

Tsaghik is asking for a 500.000 AMD loan to buy swimsuits, towels, ring-buoys and other beach accessories 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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 412.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Tsaghik to buy swimsuits, towels, ring-buoys and other beach accessories to re-sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 5, 2012
Jun 14, 2012
Currency Exchange Loss:
Oct 17, 2013