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Narine is 61 years old and lives in the village of Achajur, which is in the Tavush region. She is married and has a large family - three daughters, who are already married and live separately with their families, and a son. She lives with her husband, son, and father-in-law and mother-in-law, who are already retired.

Narine and her family members are engaged in farming and agriculture. They have a very nice orchard full of apple and peach trees, and a very nice vineyard. They also have farm cattle - three cows, three piglets, twenty chickens and three beehives.

So they manage to sell meat, various dairy-products, eggs, honey, and fruits, and they also sell wine they make on their own. So in this way, they earn their family living. Narine now is very worried since they are short of money and their son is going to get married and they must do some expenses connected with this wedding party.

Narine asks for a loan of 450,000 Armenian Drams in order to buy furniture for her son’s bedroom in order to make it nice and comfortable for his bride.

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
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Narine to buy furniture for her son’s bedroom in order to make it nice and comfortable for his bride.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 17, 2013
Currency Exchange Loss:
Sep 17, 2014