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Fifty-four-year-old Geghetsik is an English teacher at a school. Geghetsik is divorced and she lives in Ijevan. Simultaneously with her work at school, she teaches English at her home to college entrants. She has adapted her flat’s room to a classroom, where she conducts her lessons.

Geghetsik rents a computer and a printer for her lessons, so she is asking for a 600,000 Armenian dram loan to buy a computer and printer for her lessons. She will spend part of her loan to buy a table and four chairs as well. A new table and chairs will allow Geghetsik to make her room more suitable for her lessons.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 393.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Geghetsik to buy a computer, printer, a table and four chairs for her English lessons.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 19, 2012
Apr 24, 2012
Currency Exchange Loss:
Nov 17, 2014