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Karine lives in Ijevan city in the Tavush region. She is married and she is mother of two sons. Her elder son lives and works in the Russian Federation and from there he greatly provides for his family. Her second son is passing his military service in the army. Kaine’s husband works as a teacher at the driving school and at the same time he works at a gas station as a serviceman. Karine is also employed. She used to work at the Ijevan military unit as a cook, but now she works at the Ijevan wine factory as a worker. Besides these jobs Karine is busy with framing and agriculture. Already 10 years they are engaged in swine breeding. They have a lot of piglets, some of which she sells before the New Year holidays, which brings in a decent income for her family. Karine keeps her piglets in a barn near their building where they live.
She asks for a loan of 650.000 Armenian drams to buy another pig and animal fodder for her piglets.

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,575 helped Karine to buy a pig and animal fodder for her piglets.
61% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 19, 2014
Mar 17, 2014
Currency Exchange Loss: