Karine graduated from Sevan Industrial College and used to work as a nurse in Sevan’s kindergarten schools. As her salary was too low, Karine decided to run her own business and after the Soviet Union collapse, Karine engaged in clothing trading. Now Karine is a good merchandiser with extensive work experience.
Once a month she buys clothes for women and children from Yerevan wholesale markets and from Georgia and sells them in her rented stall at the Sevan clothing market. From time to time her son helps her in trading but he also works as a guard at a hospital.
Karine says that she is a very happy woman because she founded her business and is able to care for her family herself.
Karine asks from Kiva lenders a 500,000 Armenian dram loan to buy spring and summer clothes to resell in her stall.
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.
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Success!! The loan was 100% repaid