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Karine has been selling clothing and footwear in a shop she rents in the city of Kapan for the past 12 years. Once per month, she purchases the merchandise for her business in the city of Yerevan. Karine loves her business and works without holidays. She has many regular customers. Her business profits represent the main source of income for her family. Karine also uses this money to pay for her son's education.

Karine is 45 years old and lives in the city of Kapan. She graduated from the Kapan Medical College but has never worked in her profession. Karine is married and has three children: two daughters and a son. Her daughters are married and live apart from their parents. Karine's son is a paying student of the Gorissk State University, and her husband is a driver.

Karine needs a loan of 500,000 dram in order to purchase fall clothing and shoes for her business. She has previously taken three loans from Nor Horizon and has always repaid them on time.
View original language description ↓
Карине занимается продажей одежды и обуви в городе Капане в арендованном помещении на протяжении 12 лет. Товары для своего бизнеса Карине приобретает в Еревана один раз в месяц. Карине очень любит свой бизнес и работает без выходных. У нее много постоянных клиентов. Доход от бизнеса Карине является основным источником дохода для ее семьи. Также благодаря доходу от бизнеса, Карине платит за обучение сына.
Карине 45 лет, она проживает в городе Капане. Карине окончила Капанское медицинское училище, но по своей специальности не работала. Карине замужем и у нее трое детей: две дочери и сын. Дочери замужем и проживают отдельно от родителей. Сын учится на платном отделении Горисского государственного университета. Муж Карине работает водителем.
Карине необходим кредит на сумму 500.000 драм для приобретения осенней одежды и обуви для своего бизнеса. Карине получала кредит от организации Нор Оризон трижды и всегда выплачивала кредит вовремя.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,836,500
    Funds lent in using Kiva
  • 408.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Karine to buy fall clothing and shoes for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Oct 6, 2012
Currency Exchange Loss:
Oct 17, 2013