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Marine lives in Vanadzor and she is 35 years old. Marine is married and has two under age children: a son and a daughter.

Marine has engaged in woman's and children's clothes trading for about 5 years. She rents a part of a shop where she resells clothes, which she buys from Yerevan. Once a month Marine and her colleagues from the same shop rent a car and go to Yerevan to purchase products and thereby thanks to joint action they decrease their expenses.

Marine says that children's clothes are always in demand, so she intends to enlarge children's clothes assortment at her stall. Therefore, Marine is asking for a 500.000 Armenian drams loan.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 368.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Marine to enlarge children's clothes assortment at her stall.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 1, 2011
Jul 6, 2011
Currency Exchange Loss:
Jun 15, 2012