Funded

Total loan: $2,400
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Loreta

Armenia
Kapan, Armenia / Clothing Sales

A loan of $2,400 helped to buy a large lot of men’s, women’s and children's summer clothing and shoes for resale in her stall in Kapan city.


Loreta's story

Loreta was born in 1968 in the city of Kapan. Loreta is married and has two daughters. Loreta's younger daughter is married and lives separately from her parents. Loreta's husband is a construction worker and is away in Russia earning money.

Loreta has been selling clothing since 2009. Right now Loreta rents a stall at the market in her native city of Kapan and sells clothing that she brings monthly from the wholesale markets in Yerevan and neighboring countries. Her older daughter, who is a financial analyst helps her with her business. After many years of selling clothing Loreta has a lot of regular customers who prefer to buy clothing and shoes for their families from Loreta's store. In small cities like Kapan it is very difficult for women to find job and to take care of their families and Loreta is very happy that she can handle these difficulties on her own, but as she admitted without her husband's help, who works abroad, she would not have been able to manage.

Kapan is one of the southernmost cities in Armenia and there is almost no spring there, starting in April it is already summer weather there and this is why Loreta decided to purchase a large lot of clothing from Yerevan a little bit earlier. Loreta is asking Kiva lenders for a loan of 2,400 US dollars for the purchase of women's, men's and children's clothing, sleeping attire and shoes for resale in Kapan.

Translator profile picture

Translated from Russian by Kiva volunteer Sabina Holzman



Loan details

Loan length:

38 months
Disbursed date: March 24, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

38 months
Disbursed date: March 24, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company