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Marusya is 64 years old. She lives in Spitak city in the Lori region. Marusya is married and she has two sons and a daughter, all of whom are married. Her sons and their families lost their houses, which were destroyed as the result of a very severe earthquake several years ago, and now they live in the Russian Federation. Marusya lives with her retired husband. It has already been seven years since she engaged in the trading business. She sells carpets, bedding, tablecloths, towels, etc. in her rented shop. She buys the needed products from Yerevan wholesale markets once a month.
Marusya asks for a loan of 1,000,000 Armenian drams as she plans to buy a lot of various kinds of bedding and she also wants to start trading in children's clothes.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Marusya to buy a lot of various kinds of bedding and start trading in children's clothes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 18, 2013
Currency Exchange Loss:
Apr 16, 2014