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Narine is twenty-three years old and lives in Stepanavan city, in the Lori region. She lives with her parents. Narine graduated from Vanadzor State Pedagogical Institute in the faculty of Foreign Languages. Her mother is an accountant and her father has his own car sale business. Narine now works at the college as a teacher of English Language. This young lady is a very active person; she just graduated and already works. She also has several pupils to whom she gives paid private courses in English Language, to prepare them for entrance examinations.

Narine greatly wants to buy a computer and this is the reason she is asking for a loan. A computer will help her to make her lessons and courses more informative due to modern methods of teaching.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Narine to make her lessons and courses more informative due to modern methods of teaching.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 18, 2014
Mar 15, 2014
Currency Exchange Loss:
Mar 17, 2015