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Sinam is a very nice woman, 53 years old. She lives with her family in Vanadzor city, which is in Lori region. She is married and she has two school-aged sons.

Sinam has a specialty as an accountant and a financier. For many years, she has worked in her specialty, but now she has her own business -- she sells baby clothes, children's clothes, cradles, towels, bedding, covers, etc. She works in a rented stall at the city wholesale market.

Sometimes she obtains her stall products from Turkey, but mainly from Yerevan wholesale markets, with the help of her husband. Thanks to her kind and positive attitude and service, she has no lack of customers, who often visit her stall.

Sinam asks for a loan of AMD 1,000,000 (Armenian drams) in order to enlarge her stall assortment and to get prepared for the winter cold 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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Sinam to enlarge the assortment of clothes and products she sells.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Nov 5, 2013
Currency Exchange Loss:
Apr 16, 2014