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Update on Tamara

Tamara lives in Ljevan with her husband, her daughter, son and daughter-in-law, and two grandchildren. Since 1992 she has managed her own café. Tamara’s husband is a musician who doesn't work regular hours, and he often helps Tamara with her business.

When she started her business, Tamara had a small café, but for the past 19 years it has grown as she has reinvested her profits back into her business. For example, Tamara was able to buy the neighboring land to enlarge her business, remodel her café, buy addiitonal equipment for the café, and to buy a car that's used for café business. With the income from her café Tamara has also been able to support her big family,

Tamara’s café is very popular in Ljevan thanks to its cleanliness and her good service. Tamara used her first Kiva-funded loan to buy a projector and screen for her café so she can show music videos in order to attract younger customers. Now Tamara is requesting a loan of 700,000 AND to buy new tables and chairs for her café.

Previous Loan Details

Tamara P. lives in Ljevan with her husband and daughter. Since 1992 Tamara has manage her own café. Tamara’s husband is a musician. He doesn't work regular hours so he helps his wife with her large business. At the beginning Tamara had a small café, but during the past 17 years she has reinvested... More from Tamara's previous loan »

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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Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 382.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Tamara to buy new tables and chairs for her cafe.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 3, 2011
Nov 13, 2011
Currency Exchange Loss:
Dec 17, 2013