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Armine is 22 years old and she lives in Yerevan. She has a higher education and now she works at a pawnshop as a loan specialist. Previously Armine used to work at a computer shop, then at a car service center as an accountant.

Armine lives with her parents and two brothers. Her father works at the Academy of Sciences as a research associate, her mother is a teacher of physics at the school, her elder brother also works at the Academy as a biologist, and her second brother owns his own business. Thanks to all their savings together, Armine’s family managed to repair their house, but now they are short of money and they cannot furnish their guest room.

Armine asks for a loan of 400,000 Armenian drams which, with their saved money, will be enough to buy furniture for their guest room.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Armine to buy furniture for their guest room.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2013
Dec 30, 2013
Currency Exchange Loss:
Jan 17, 2015