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Karine
This nice lady Karine lives in the city of Kapan with her husband, son, and daughter. She is 54 years old. After school she studied at the medical college, and after graduating for many years she worked here as a lecturer. Now Karine is engaged in the medication trading business and she works at her own pharmacy as a saleswoman. She also sells baby food and various hygiene supplies. She mentions that there are very few pharmacies in their city and this business is more or less profitable for her family.

Karine asks for a loan of 1,000,000 Armenian drams (AMD) in order to buy some new medicines that she doesn't have in her pharmacy and that are of great demand among her customers.

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

  • $6,400
    Average annual income
  • 87
    View loans »
    Armenia Loans Fundraising
  • $12,645,800
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Karine in order to buy some new medicines that she doesn't have in her pharmacy and that are of great demand among her customers.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
Possible