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Tsovinar is 47 years old. She is a widow and lives with her two children, who are students, in Kapan city. Her children are very industrious. In addition to their schooling, they also work and support their mother greatly. Tsovinar is a commodity specialist and this helps her to perfectly manage both of her businesses, clothing and food trading. She has a rented a shop where she simultaneously holds two occupations; she sells men's, women's and children's sportswear, jackets and blouses and she also sells a great range of foods such as dairy products, sweets, canned foods, etc. She mentioned that her shop is very popular in their city with its low prices and great assortment of items.
Tsovinar asks a loan of 700.000 Armenian drams to increase the assortment of items in her shop and increase the income of her family as well.

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.

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About Armenia

  • $6,300
    Average annual income
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,757,675
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $1,725 helped Tsovinar to increase the assortment of items in her shop.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 1, 2013
Currency Exchange Loss:
Oct 1, 2013