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Karine is 33 years old. She lives with her husband and two under-age sons in Vanadzor city. Once a year, her husband leaves Armenia for seasonal work in the Russian Federation.

Karine sells food and household goods in her own shop, near her house. She has been engaged in this activity more than 12 years. From time to time, her husband helps her in the trading business. The merchandise for trading she obtains from providers and buys from Yerevan wholesale markets. For a woman, it is a hard activity, but as Karine said, she is satisfied with her business and, thanks to this activity, her social statement has increased and now she easily meets her family's needs.

Karine asks from Kiva lenders an AMD 1,000,000 (Armenian Drams) loan to add to the number of her household goods and food for resale.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 406.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Karine to add to the number of her household goods and food for resale.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 4, 2013
Currency Exchange Loss:
Mar 17, 2014