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Lusine is 36 years old. Lusine is married and lives with her two daughters in Vanadzor city. Her husband is in the Russian Federation working abroad. Lusine graduated from State Vanadzor Medical College. After graduating, she started working in Vanadzor hospital as a nurse. As her salary from the hospital is low, she decided to run her own business and started her clothes business. After her work in the hospital, Lusine sells women and children's clothes, which she buys from Yerevan clothes wholesale markets. She sells clothes from her house and she doesn't need any rental place in order to sell clothes.

As Lusine confessed, without trading clothes, she couldn't sustain her family. From time to time, her husband helps Lusine from Russia to meet his family's needs in Armenia. Lusine has been engaged in clothes trading for about three years and now she has a lot of clients in Vanadzor. Her clients are her neighbors, colleagues and patients from the Lori region.

Lusine has a big order from her clients and she needs a loan to buy women and children's clothes from Yerevan in order to resell them in Vanadzor. From this deal, she hopes to receive a good profit and to cooperate with Kiva again in the future.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Lusine to buy women and children's clothes from Yerevan.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 12, 2013
May 17, 2013
Currency Exchange Loss:
May 17, 2015