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Mariam is 58 years old. She lives in Yerevan city. For many years, she has worked as a teacher of Armenian Language and Literature at the school. She is a widow. She has a son and a daughter; they are still not married and they live with their mother. Now Mariam runs her own business. On a rented stall, she sells women's underwear. All the products she brings herself from Moscow and Turkey, but sometimes, if it is possible, she makes an order to the company and it sends her ordered products to Armenia. She receives it in a week. In all, she is satisfied of her business income, but she wants to renew it.

Mariam asks a loan of 1,000,000 Armenian drams to bring a new collection of women's underwear from Turkey. Mariam is the best and the most responsible client of Nor Horizon with a rich loan history.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Mariam to buy a new collection of women's underwear from Turkey for reselling.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2013
Nov 5, 2013
Currency Exchange Loss:
May 17, 2015