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Armine M. is 41 years old and lives in Ijevan with her family. She is married and has two sons. Her husband is a motor mechanic and has his own garage. Their two sons are also employed and help to sustain the family.

Armine studied accounting in Ijevan college and later worked in a bakery in Moscow. In 1997, she returned to Armenia and found a job as a shop assistant at a poultry farm’s market stall.

Since 2002, Armine has owned her own business. Now, she sells eggs and candy in a stall that she rents at a food market. Armine is requesting a loan of $1200 to buy a consignment of eggs for her business.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Armine to buy a consignment of eggs for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 26, 2009
Sep 8, 2009
Currency Exchange Loss:
Feb 15, 2011