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Karine opened her store in 1998. She started by renting a small market stall in Kapan where she sold office and school supplies. After a lot of hard work Karine was able to purchase her own store in 2011. Every month Karine travels to Yerevan to purchase batches of books, office and school supplies, as well as photo frames and stuffed toys which she transports to Kapan for resale in her store. She pays particular attention to have new books by popular authors, so her store has a good reputation and many regular clients in Kapan and surrounding towns and villages of the Syunik region. Karine is 50 years old and single. She was born and lives in Kapan together with her mother and brother. Karin's mother is retired and after work Karine also takes care of her sick mother.

Karine is applying for a loan of 500,000 Armenian drahm to finance a whole sale purchase of book, magazines and office supplies for her book store.
View original language description ↓
Карине в 1998 году открыла свой собственный бизнес. Она начала с маленького арендованного прилавка в городе Капан , где стала перепродавать офисные и школьные принадлежности. После тяжкого труда и работы Карине через много лет в 2011году смогла купить и построить маленькую книжную лавочку в Капане.
Каждый месяц Карине покупает из оптовых рынках Еревана книги, офисные и школьные принадлежности, рамки для фото, плюшевые игрушки для детей ит.д. и привозит в Капан для продажи в своем магазине. У Карине кроме всего всегда на продаже есть новые книги современных авторов, по этому у ее книжного магазина хорошая репутация и много постоянных клиентов и в Капане и с соседних городов и сел в Сюникской области.
Карине 50 лет и не замужем. Она родилась и живет в городе Капан вместе с братом и матерью. Мать Карине пенсионерка и Карине после работы заботится также о больной матери.
Карине нуждается в кредите на сумму 500.000 Армянских драм для покупки новой партии книг, журналов, школьный и офисных принадлежностей для своего книжного магазина .

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 418.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Karine to buy a new batch of books, magazines, school and office supplies for her bookstore.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Apr 17, 2013
Currency Exchange Loss:
Apr 18, 2015