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Karine N. was born in 1967 in Kirovabad town in Azerbaijan. She is not married. Karine has a high education and she is a pharmaceutical chemist. In 1988, during the Armenian and Azerbaijan conflict, Karine and her mother transmigrated to Yerevan, where they lived as refugees. Now they are competent citizens of the Republic of Armenia and live in their own apartment in Yerevan. Karine started her own trade business about 10 years ago. Four times a month Karine goes to Turkey and imports clothes for her store in the Ararat trade center. Karine needs a $1500 loan to buy new shirts, trousers, suits, coats and perfumes to sell.

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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Karine to buy merchandise to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 20, 2010
Jan 22, 2010
Currency Exchange Loss:
Aug 15, 2010