Check out some available loans that are similar to this one!

Update on Nazik

Nazik, who was born in Yerevan in 1968, is married and has a son and a daughter. Her husband works in an ice-cream factory, while her son has already returned from the army and now is working and helping his parents. Nazik's daughter is a student.

For 11 years Nazik has been selling fruits and vegetables, initially from a rented stall but now from a small rented shop board at the food market. Early each morning she buys fruits and vegetables wholesale and then transports them to her shop board. Her customers from her previous business location continue to patronize her new site, and her profits allow Nazik to take care of the needs of her family and pay for her daughter’s education.

Nazik is now requesting a 300,000 AMD loan to buy a large lot of fruits and vegetables to resell in advance of the New Year’s holidays, when the trade is very active. This will be her third loan from Kiva and Nor Horizon.

Previous Loan Details

Nazik G. was born in Yerevan in 1968. She is married and has a son and a daughter. Her husband works in an ice-cream factory. At present, her son is in the army, protecting the Armenian state boarder. Her daughter is a student. For 10 years Nazik has been engaged inthis business. Nazik rents a st... More from Nazik'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 382.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Nazik to buy a large lot of fruits and vegetables to resell in advance of the New Year’s holidays.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 21, 2011
Dec 23, 2011
Currency Exchange Loss:
Jan 29, 2013