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This young, charming lady’s name is Varsenik; she lives with her parents in a nice city, Dilijan. She is 21 years old.

She has a higher education and a specialty of pedagogue. Now she probationary works at the school, and if she successfully passes this period, in the same school she will work as a teacher of English language and literature. Varsenik’s sister and brother are students; her mother is a housewife and the only bread winner in their family is her father. Now he works in the Russian Federation, and he sends money and sustains his family from afar.

As Varsenik says, the lack of money makes them always spend it only for urgent family needs. She decided to make a surprise for her family.

She asks for this loan to purchase a new TV for her family; and if some money is left from this loan, she will also buy any kind of kitchen appliance, which will be a good present and of great use for her mother.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 414.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Varsenik to purchase a new TV, and with left over money, a kitchen appliance.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 28, 2014
Apr 6, 2014
Currency Exchange Loss: