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Zoya lives in a small city called Sevan, which is in the Gegharkunik region. Although Sevan is small, it is one of the most beautiful cities of the republic of Armenia, Zoya says. The lake in Sevan is a very nice and safe place to rest with family members and friends. There are a lot of interesting stories and beautiful legends connected with the lake of Sevan and its surroundings. For this reason, Sevan is frequently visited both by local citizens and tourists.

Since Zoya specializes in sales, she has established her own retail business in Sevan. She rents a stall at the Sevan wholesale market, where she sells a large variety of products. She sells products that are seasonal as well as those needed for everyday use. In her stall, she sells boots, sneakers and rubber shoes along with a large variety of household goods. Zoya's family members are very happy and satisfied with the results of her business.

Thanks to her business income, Zoya is able to provide for her elder daughter, who does not live with her, and her second daughter and her family, who live with her.

Zoya is a very clever businesswoman and she knows that this season is the best trading time. This is why she is asking for a loan in order to buy seasonal products that are in great demand by tourists such as boots, sneakers and rubber shoes. She is sure that this loan will help her earn an increased income, especially since the summertime is a very busy time of year.

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
  • 155
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Zoya to buy seasonal products (boots, sneakers and rubber shoes) that are in great demand by tourists.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 22, 2013
Jul 27, 2013
Currency Exchange Loss:
May 17, 2015