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Karine H. has owned a clothes selling business for about 15 years. She sells woman’s, man’s and children’s clothes, which she purchase from Yerevan once a month and resell its in the Kapan trade centre. Karine works without weekends and she says she likes her business very much not only because it helps her to keep her family, but also she enjoys her work.

Karine is married and has three children: her husband and a son lives in Russia, her older daughter is married and younger one lives with Karine in Kapan city.

Karine is seeking for a 600.000 AMD loan to buy leather outerwear to resell.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 360.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Karine to buy leather outerwear to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 15, 2010
Oct 19, 2010
Currency Exchange Loss:
Oct 15, 2011