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Karine M. lives in Ijevan. She is married and has three daughters, all of whom are married. Her youngest daughter's family lives with her.

Karine worked as an economist in a building organization until it closed in 1993. Then Karine and her husband rented a space in the Ijevan Central Market and started selling clothing and shoes. For the past 16 years, thanks to her profits, Karine has paid for her daughters’ educations and organized their weddings. A few years ago, with her own income, Karine supplied free sweets -- chocolate, candy, and cakes -- to Ijevan School N4.

Karine already has received nine loans from Nor Horizon. Now she needs a loan of 400,000 AMD to buy winter clothes to sell. She plans to spend the expected income to expand her business and repair her apartment.

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 387.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Karine to buy winter clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2009
Nov 18, 2009
Currency Exchange Loss:
Dec 15, 2010