Monday, August 10, 2009

Kiva launches in Armenia!

Last week, at long last, Kiva launched in Armenia with our first new partner in the country: Nor Horizon Universal Credit Organization. The first loan for Gohar Alikhanyan, a 49-year old widow who runs a fruit stand in the capital city, was funded within hours. More loans from Nor Horizon will be up on the site very soon, keep checking back on the site!

To tell you a little bit about Nor Horizon, the organization was originally founded by OXFAM Great Britain. The organization's mission is to provide high-quality business development services to enterprising individuals and small-scale businesses in underserved rural and urban areas. Nor Horizon works to increase the ability of poor people to engage in productive activities and generate secure livelihoods, ensure community development, and facilitate refugee integration with the local population. Nor Horizon is a small organization with close, personal relationships with its 2,000+ clients. For more information about Nor Horizon, visit the partner page here.

Please welcome Nor Horizon to Kiva and keep an eye out for more loans from this great new partner! And, thank you for supporting entrepreneurs in Armenia and around the world!