Update on KimaKima is 50 years old and she lives in Ijevan city. She is married and has three children. Her daughters have already married and they live separately from their parents. Kima’s son has just returned form the army. For more than 12 years Kima has been engaged in selling men's, women's and children's clothes. Now she also sells underclothes, shoes and toys. Once a month Kima goes to foreign countries to purchase merchandise for her business. Thanks to her business income Kima was able to pay for her daughters’ education, their weddings and to construct a new house. Kimer spent her first Kiva loan to renew her inventory and now she is asking for a 1.000.000 loan to buy winter outerwear and high boots to resell.
Previous Loan DetailsKima A. lives in Ijevan with her husband, a son (now serving in the Armenian Army) and a daughter. Kima’s elder daughter is married and lives separate from her parents. For the past 12 years Kima has sold men's, women's, and children's clothes. With the income from her business, she was able to buy… More from Kima's previous loan »
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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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.
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Success!! The loan was 100% repaid