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Irina, 33, lives in Ijevan with her family: her husband, three school-aged children and her parents-in-law. After graduation from Ijevan College, where she got her accountancy qualification, she married, so she didn’t work in her specialty.

Since 2010, Irina has rented a workshop where she bakes various confectioneries. Irina fulfills private orders and she has many regular costumers as her products are always very delicious and high quality. Irina’s husband helps her as much as possible and thus they provide for their family.

Irina is asking for a loan of 1,000,000 Armenian Drams (AMD) to buy a new stove and ingredients for her production. Before the New Year’s holidays, she always has a lot of orders and a new stove will help her to bake better confectionery.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 382.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Irina to buy a new stove and ingredients for her production.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 14, 2011
Dec 18, 2011
Currency Exchange Loss:
Mar 17, 2014