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Karine is 43 years old and she lives in Kapan city. Karine has a specialty of nurse but she has never worked. She got married very young, at just 18 years old. Her life turned out to be very difficult and full of problems during her married years. When her elder son was 5 years old, and the younger one 3 years old, she divorced her husband. Since then, she was alone with her children with great responsibility to bring up honest people as well as feed and dress them properly. So, she began working at different places and now she works as an inspector at a reserve. Her sons are already grown-up men and both of them have higher education degrees and already work.

Karine asks for a loan of 700,000 Armenian drams since her younger son is going to get married. She needs this money to organize his wedding party.

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.

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About Armenia

  • $6,300
    Average annual income
  • 177
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
A loan of $1,725 helped Karine to organize her younger son's wedding party.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 22, 2013