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Lusine
Lusine is 28 years old and married. She is a philologist, or a linguist who studies written texts. She is a teacher at one of Vanadzor’s schools. Her husband is a physics teacher at another school.


Besides teaching in the local schools, the couple also teaches mathematics and physics privately in the living room of their house. But they find this arrangement too impractical and uncomfortable and are building a new room to be used as a classroom.


Lusine is applying for a 500,000 AMD loan from Nor Horizon to buy a computer and printer plus new desks and chairs for their new classroom. This will help them provide a more comfortable environment for their students and upgrade their enterprise.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 106
    View loans »
    Armenia Loans Fundraising
  • $12,432,975
    Funds lent in using Kiva
  • 406.5
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Lusine to buy a computer and printer plus new desks and chairs.
94% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible