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Armine
Armine lives in Sevan city which is in the Gegharkunik region. She is 42 years old and has a son and a daughter. She is divorced and she has brought up her two children alone, but very cutely and with great responsibility.

She has her own beauty salon and she works there herself both as a manicurist and hairdresser. In this way she earns her family living and she tries to provide her children with high living conditions. Her son is already grown up and he helps his mother greatly, working as a deliveryman. Her daughter is a student in the paid division of Yerevan State Economic University.

Armine asks for a loan of 1,000,000 Armenian drams in order to develop her business and to renew the interior of her beauty salon so that she may attract more clients and have more income.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,505,475
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Armine to develop her business and to renew the interior of her beauty salon so that she may attract more clients and have more income.
69% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 20, 2013
Currency Exchange Loss:
Possible