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Narine
Narine is 41 years old. She lives with her husband and two sons in Sevan city. Narine graduated from Sevan Industrial College; she is an accountant. Narine used to work in her profession for some years, but as the salary was too low, she decided to run her own business. As she said, her knowledge in the accounting sphere helped her to organize her trading business well. After seven years of hard work, Narine now has her own small shop in Sevan city and sells food and household products.

Narine buys the merchandise for her shop from wholesale markets and transports some goods from Yerevan. Her husband from time to time helps Narine in this occupation. Narine’s husband works in the Sevan branch of the Office of Ombudsman.

Narine dreams to help her sons to have a higher education and decided to accumulate some money for their tuition fees.

Narine asks Kiva lenders for a 800,000 Armenian drams loan to buy a lot of meat products, candies, dairy products, sweets and household products for her shop. She hopes to receive a good profit, which will help her to accumulate some money for her children’s future.

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
  • 88
    View loans »
    Armenia Loans Fundraising
  • $12,668,425
    Funds lent in using Kiva
  • 416.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Narine to buy a lot of meat products, candies, dairy products, sweets and household products for her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013