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Tamara is a successful business lady who lives in Stepanavan city in Lori region. She has her own small food market, where she sells a great range of products for everyday use (bread, candies, canned goods, sausages and juices). She buys some of her market products from suppliers and some items she brings from the Yerevan wholesale markets.

She has been running her business for 15 years already, and during these years her business success and good income allowed her to support her family with good living conditions.

Tamara has two sons. Her elder son serves with the peace-keeping troops in Afghanistan, and at the same time he is a student of Yerevan State Pedagogical Institute in the department of distance learning. Her second son is also a student at the same institute.

Tamara is asking for a loan of 300,000 Armenian drams in order to refresh the assortment of her market products. She especially wants to buy a new assortment of candies, and she also wants to buy souvenirs, for which she decided to separate some space in her market and try the sale of them also.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 414.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Tamara to refresh the assortment of her market products and also to buy souvenirs to sell in her store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 25, 2014
Mar 19, 2014
Currency Exchange Loss:
Sep 17, 2015