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This nice young lady lives in the city of Kapan. She is married and has two daughters. Nare graduated from Goris State University in the history department. She lives in a large family, where everyone works very hard to be able to provide their family with good living conditions. Nare lives with her husband, two daughters, father and mother-in-law, and her husband’s two sisters. For three years, Nare has been engaged in the business of selling clothes. She has rented a shop, where she mainly sells jeans for children and teenagers. She mentioned that young people visit her shop very often. Jeans are very convenient, as they can be worn every day with pleasure. People do not get tired of them, and the more worn-out they get, the more fashionable they become. Nare is applying for a loan 1,100,000 AMD (Armenian drams) to acquire a new collection of jeans for the fall-winter season.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $2,725 helped Nare to buy new collection of jeans for the fall-winter season.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 2, 2013
Currency Exchange Loss:
Oct 2, 2013