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Karine is 53 years old and lives in Sevan city. She is involved in the trade of fruits and vegetables, for which she rents a shop. The income of her trading business helps her to provide for the needs of her family without support from anybody. Karine is divorced and lives with her son, daughter-in-law, and two grandchildren. All of her family members are unemployed, and that’s why Karine works hard to obtain a means of living.

Karine has a high education; she is a Philologist. She worked in a glass insulation factory as a weaver for more than 8 years, but after the destruction of the Soviet Union many factories were closed and Karine became jobless. That period was the hardest in her life and it seemed like a stalemate. But she is a strong person and soon she started her own trading business. Step-by-step her business activity developed and now her trading is going well.
Karine is asking Kiva for a loan of 1,000,000 Armenian Dram to expand her business by adding a variety of goods (fruits and vegetables) to her shop.

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
  • 130
    View loans »
    Armenia Loans Fundraising
  • $16,809,825
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Karine to expand her business by adding a variety of goods (fruits and vegetables) to her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 6, 2013
Currency Exchange Loss:
Dec 17, 2014