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Narine is forty years old and she lives in Sevan. Narine is married and has two school-age daughters. When she graduated from Yerevan Teacher Training College, she worked as a kindergarten teacher for five years. Her husband works as an electrician.

Seven years ago, Narine opened her own business. She sells souvenirs, toys, office supplies, costume jewelery, etc. She rents her shop.

Sevan is a resort city, so in the summer sales are brisk--especially in goods to take to the beach. Therefore, Narine has decided to expand her business and to begin trade in beach accessories. In order to buy bathing suits, beach towels, hats, inflatable mattresses etc., Narine needs to take out a loan for 300,000 drams. This loan from Nor Horizon is Narine's fifth.
View original language description ↓
Нарине 40 лет и она проживает в г.Севане. Нарине замужем, имеет двух дочерей школьного возраста. После окончания Ереванского педагогического института 5 лет проработала в детском саду воспитательницей. Муж работает электриком.
7 лет назад Нарине основала свой собственнный бизнес: торговлю сувенирами, игрушками, канцелярскими товарами, бижутерией и др. Предпринимательскую деятельность она осуществляет в арендованном магазине.
Лето для курортного города Севан - сезон расширения торговли, в частности, торговли товарами, предназначенными для пляжного отдыха. Поэтому Нарине решила расширить свой бизнес и начать торговлю пляжными принадлежностями. Для преобретения купальников, пляжных полотенец, шляп, надувных матрасов и т.д. Нарине необходим кредит в размере 300.000 драмов. Данный кредит, получаемый Нарине от организации Нор Оризон (Nor Horizon), является пятым по счету.

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
  • 373.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Narine to buy swimsuits, towels, panamas, air beds, etc. for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 23, 2011
Jun 23, 2011
Currency Exchange Loss:
Nov 15, 2011