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Update on Svetlana

Svetlana was born in 1966 and lives in Ijevan city with her school-aged son. Svetlana's daughter is married and she lives separately from her mother.

Since 2005 Svetlana has run her own shop where she sells food, household goods and clothing. With the profit from her business she keeps her small family, supports her business, and also was able to buy a computer.

To increase her income, Svetlana intended to manage an Internet Club. Thanks to her first Kiva loan, she was able to buy two more computers. Her son has good computer skills so, after his lessons, he used to help his mother in her new occupation.

Svetlana says that trading business is more profitable than running an Internet club, so she decided to close her Internet club and to go on only with her trading business.

Now Svetlana is asking for a 1,000,000 AMD loan to buy winter outerwear, household goods and food for her market.

Previous Loan Details

Svetlana S. was born in 1966 and lives in Ijevan city with her 13-year-old son. Svetlana's husband has been missing for several years, but she doesn't lose hope of finding him some day! Since 2005 Svetlana has run her own shop where she sells food, household goods and clothes. With the profit ... More from Svetlana'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.

To stay updated on loans from Armenia, please join the Armenia lending team at

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 384.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Svetlana to buy winter outerwear, household goods, and food for her market.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 11, 2011
Nov 18, 2011
Currency Exchange Loss:
Jun 17, 2014