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Marine G. lives in Ijevan city. She is married and has two children. Marine works at Ijevan city administration, and at the same time she runs her own bakery, which is on the ground floor of her house. With the profits from her business, Marine takes care of her family and pays for her daughters’ education. Marine delivers her production to 12 nearby food shops, and now she is asking for a 1,000,000 AMD loan to buy a car, which will allow her to deliver her production to distant food shops as well. Marine has borrowed loans from Nor Horizon 3 times, and she has never been delayed with her repayments.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 381.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Marine to buy a car to deliver her production to distant food shops.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 31, 2010
Jun 4, 2010
Currency Exchange Loss:
Dec 15, 2012