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Kristine is 38 years old and she lives in Ijevan city with her son. He is already a student of Ijevan State University and in future he will become a specialist of English and French languages.

Kristine has been divorced since she was very young and her son was very small, but through the years she has managed to bring up a good and kind young man who is very grateful to his mother for her efforts. Since he still studies, the only way of living is his mother’s business income.

She has a private shop where she sells household goods and food (washing powders, shampoos, toilet paper, diapers, also some food such as bread and butter, dairy products, sausages, cans, sweets etc.). Her shop is very popular and greatly visited. The income from her business helps Kristine both to earn their living and also to pay for her son’s tuition fee.

Kristine asks a loan of 1,000,000 Armenian drams in order to buy a lot of products for her shop.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Kristine to buy a lot of goods for her shop.
55% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 4, 2013
Currency Exchange Loss: