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Armine
Armine lives in Vanadzor city in the Lori region. She has higher economical education and now has her own clothes trading business. Armine’s husband, as the result of car accident, has became an invalid and is unable to work. So Armine is now the the only breadwinner in her family. Her son does his best to help Armine with her business, but the main part of the hardship is that Armine has to bare and solve the problems alone. Armine also has two little daughters to take care of, which she manages together with her business activities. In her own stall, she sells women and men's clothes, and her already loyal customers like the style and fashion of her sold merchandise very much.

Armine is sure that if she receives this loan, it will greatly help her to have good sales and more income since this loan amount will help her to buy children's clothes and sports ware for teenagers.

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
  • 179
    View loans »
    Armenia Loans Fundraising
  • $13,004,275
    Funds lent in using Kiva
  • 409.0
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Armine to buy children's clothes and sportsware for teenagers to sell at her stall.
95% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015