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Lyuda is 55 years old and lives in Vanadzor city, Armenia. She is divorced and has a son and daughter whom Lyuda has brought up alone, without her former husband’s support. Her children are married and they also have their own families: Lyuda’s son works and lives with his wife and son in Turkey, and Lyuda’s daughter lives with her husband, little baby and Lyuda.

After graduating from school, Lyuda worked in different positions and found trading to be more profitable than any other jobs. She has run her own clothing business for more than 15 years now. Today, Lyuda rents a stall in Vanadzor’s trading center and resells women’s sport clothes, which she imports from Yerevan wholesale markets. Her son also helps her in their family business and once a month sends a new clothing collection from Turkey for reselling.

Lyuda has said that doing this type of work is too hard for a woman, but she has always been able to overcome any challenges in her life by herself. At the same time, she is very pleased and appreciates her life. She needs a $1,500 US dollar loan to buy a new sports clothes assortment for her business.

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
  • 113
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Lyuda to buy new sport clothes for her clothing stall.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 23, 2012
Dec 6, 2012
Currency Exchange Loss:
Dec 17, 2013