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Elmira is 54 years old and she lives in Kadjaran city, which is in Syunik region. She graduated from the College of Pharmacy in Yerevan city. Now she works at the medical college and she teaches two subjects: medicine technology and commodity manager. Elmira is married and she lives with her husband and her son’s family. Elmira earns good money for her family, since she simultaneously has a business of her own. In a rented shop she sells food (bread, dairy products, cans, sweets, coffee, etc.) and household products. She manages to have a lot of customers during a day thanks to low prices and kind attitude towards customers. She brings her shop products from Yerevan wholesale market once every two weeks.

Elmira asks for a loan of 1,100,000 Armenian drams (AMD) in order to refresh and enlarge her shop's product assortment.

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
  • 112
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Elmira to refresh and enlarge her shop's product assortment (bread, dairy products, cans, sweets, coffee, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 13, 2013
Dec 5, 2013
Currency Exchange Loss:
Jun 17, 2015