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Karine B. lives in the village of Gandzaqar near the town of Ijevan. She is married and has two children. Her son lives in Russia, her daughter lives with her parents. Karine works in the National Statistic Service Ijevan Agency.

For the past ten years, she has engaged in bee-keeping on the side. Her husband and father-in-law help Karine with this hard work. Karine had a bee-allergy and initially kept the animals at a great risk for her health, but during the years of her work she has gained immunity. Karine developed her business on her own land and sells all her honey very quickly, because she has regular customers.

With the good income from bee-keeping Karine solves the most significant part of her family’s financial problems. She is requesting a loan of 1,000,000 Armenian drams to buy wax papers, frames, boxes and medicinal agents for her bee families.

This is Karine's fourth loan from Nor Horizon and second loan from Kiva; and Karine has never been delinquent with her repayments.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,083,300
    Funds lent in using Kiva
  • 363.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Karine to buy wax papers, frames, boxes and medicinal agents for beekeeping.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 31, 2010
Sep 1, 2010
Currency Exchange Loss:
Dec 15, 2011