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Ashkhen has been running her own clothes trading business in Ijevan city for about 5 years. Her family has a stall where Ashkhen sells men’s, women’s and children’s clothes. She buys merchandise for her business weekly from Yerevan’s wholesale markets. Ashkhen has many regular customers as her stall’s assortment is very wide. Thanks to her business income Ashkhen is able to resolve a part of her family’s need.
Ashkhen is 37 years old. She graduated from Yerevan State University’s biological department and she worked as a lecturer in college. Ashkhen is married and has 2 school-aged sons. Her husband works as a policeman and her retired mother-in-low helps Ashkhen with the business as much as possible.
Ashkhen needs $ 3.000 loan to buy autumn season clothes 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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ashkhen to buy autumn season clothes to resell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Sep 4, 2012
Sep 17, 2012
Currency Exchange Loss:
Jul 17, 2013