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Ruzanna is 26 years old and lives in Vanadzor city. She has a higher education with a specialty in pedagogy, but she has never worked in this field. Ruzanna is married and she has a small son.

For the past three years, Ruzanna has worked in clothing trading in her own shop. She sells both women and men's clothing which she buys from Yerevan wholesale markets. She has two saleswomen who work at her shop and help her. Her husband also works; he is a policeman with the Military Police.

Ruzanna has requested a loan of 1,000,000 Armenian drams to buy a new autumn-winter men and women's clothing collection to sell in her shop.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Ruzanna to buy a new autumn-winter men and women's clothing collection to sell in her shop.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Sep 5, 2013
Currency Exchange Loss:
Oct 5, 2013