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Varditer is a 28-year-old business lady with a very old and nice name which, translated, means “petals of roses.’’ She lives with her husband and her husband’s parents, in Yerevan. Varditer has a higher education; she is qualified to be a marketing manager. Before her marriage, Varditer worked as a marketing manager, and at the same time she engaged in confectionery production at her parents' house. Varditer likes the latter occupation and does it with great pleasure.

She married recently, and soon she will become a mother. Varditer continues to produce eastern confections, Armenian traditional sweets, and candies. She sells them to grocery markets in Yerevan. She has a lot of customers, and they prefer to buy candies and sweets from Varditer because her products have specific flavors and aromas, and they're made following old Armenian and eastern recipes. During maternity leave, Varditer decided to continue her candy production. She hopes to help her husband to meet their newly-created family's needs, and to save some money for her newborn child. Consequently, Varditer needs a loan, which she will use to buy a new oven and to buy walnuts, flour and sugar supplies, for her confectionery production.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 416.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Varditer to buy a new oven and to buy walnuts, flour and sugar supplies, for her confectionery production.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Apr 28, 2013
Currency Exchange Loss:
Oct 17, 2015