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Alina lives in Vanadzor, which is in the Lori region. She has a son and a school-aged daughter. Her son is married and has two children and with his family he lives with Alina. He has his own fruit and vegetable trading business and he financially helps his mother. Alina herself has her own clothes trading business; she sells leather jackets for men, costumes, sweaters and trousers. She rents a stall at the Vanadzor city wholesale market. Alina, with the help of her son, brings the needed products from the wholesale market of Yerevan city.

Alina asks for a loan of 900.000 Armenian drams (AMD) in order to renew the collection of her stall and to buy warm clothes for the coming winter.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
A loan of $2,225 helped Alina to renew the collection of her stall and to buy warm clothes for the coming winter.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Oct 25, 2013
Currency Exchange Loss:
Nov 24, 2013