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Marine
Marine has been involved in an agricultural business in the village of Arajadzor for 12 years. On her plot she grows potatoes, garlic, beans, apples, blood oranges, pomegranites, and figs. Marine sells the vegetables and fruit that she grow in the city of Kapane; this provides for a large portion of her family's needs.

Marine needs a loan of 900 drami to buy water tanks and install an irrigation system for watering her plot. Currently she pays her neighbors to use their irrigation system for watering. Marine will also use a portion of the loan to buy apple and pomegranite seedlings for her business.

Marine is 48 years old. She is married and has two children: a son and a daughter who live with their parents. Along with running her argicultural business, Marine also works as an architect. Marine's family helps her with growing the vegetables and fruit.
View original language description ↓
На протяжении 12 лет Марине занимается сельскохозяйственным бизнесом в деревне Арачадзор (Arajadzor). На своем участке она выращивает картофель, чеснок, фасоль, яблоки, корольки, гранаты и инжир. Выращенные овощи и фрукты Марине продает в городе Капане и таким образом обеспечивает большую часть потребностей своей семьи.
Сумма кредита в размере 900.000 драм необходима Марине для приобретения баков для воды и проведения оросительной системы для поливки своего участка. На данный момент она поливает свой участок, пользуясь за определенную плату оросительной системой своих соседей. Часть кредита Марине потратит на покупку яблочных и гранатовых саженцев для своего бизнеса.
Марине 48 лет. Она замужем и у нее двое детей: сын и дочь, которые живут вместе с родителями. Параллельно с ведение сельскохозяйственного бизнеса, Марине работает архитектором. Семья Марине помогает ей в выращивании овощей и фруктов.

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

  • $6,400
    Average annual income
  • 130
    View loans »
    Armenia Loans Fundraising
  • $13,556,275
    Funds lent in using Kiva
  • 392.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Marine to buy water tank, to lay irrigation system and to buy apple and pomegranate trees' seedlings as well.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014