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Update on Vahan

Vahan is still running his windscreens-making business. He has all of the necessary equipment for his business in his garage. Vahan’s business is the only source of income for his family.

With the loan proceeds from the previous Kiva loan, Vahan bought materials needed for his business. Now he is seeking another loan, this time in the amount of 800,000 AMD to buy additional materials (e.g., glass, cellophane and plastic film) for his business from wholesale markets in Yerevan.

Previous Loan Details

Vahan H. is 54 years old. He lives in Vanadzor city with his wife and his school-aged son. Vahan’s daughter is married and lives separately. Twelve years ago, Vahan re-equipped his garage into a workshop where he runs his business: Vahan makes windscreens to order. He purchases glass and oth... More from Vahan'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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 412.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Vahan to purchase materials (such as glass, cellophane and plastic film) needed for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 6, 2012
Aug 16, 2012
Currency Exchange Loss:
Feb 17, 2014