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Armine
Armine is a 36-year-old married woman who lives in Vanadzor city with her two school-aged children. Her husband is working abroad in the Russian Federation. Armine works as a hairdresser in a small beauty salon which she rents. Her salon provides hairdressing services for both women and men. She has been working in this profession for five years and has become a very skilled hairdresser. Her salon gets many visitors since she works quickly, cheaply and effectively.
Armine has requested a loan of 300,00 Armenian drams as she wants to buy a special machine for hair washing and also some furniture for her salon as she wants to renew the interior.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $12,668,425
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Armine to buy a special machine for hair washing and some furniture for her salon as she wants to renew the interior.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014