Update on VladimirVladimir is going on with his business. Now in business he has only one helper: his one son, as the next of his twin sons is now working as a bodyguard.
Because of cold weather in Armenia during January and February 2012, Vladimir has great demand for high boots. But he can’t manage to produce high boots in large quantities during a short time, so he orders shoes from different shoemakers. Vladimir’s first Kiva loan allowed him to buy shoes and materials for his business. Now he needs a 1,000,000 AMD loan to buy necessary materials: soles, leather, chamois leather, etc. for his shoe production. This fact will allow him to satisfy needs of his customers.
Previous Loan DetailsVladimir S. was born in 1963. He lives in Yerevan with his wife, two sons, daughter-in-law, and grandchild. From 1984 till 2003 Vladimir worked in Armenian International Airports as an operator. Vladimir's parents have lived in Kazakhstan and invited him and his family to live there, but Vlad... More from Vladimir'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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
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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