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Ruzanna

Update on Ruzanna

Ruzanna continues to manage her food and household goods shop at her own small stall. After her husband's death, her elder son and his family moved into Ruzanna's house.

Thanks to her business's income, Ruzanna was able to buy the necessary furniture for her house and to organize her three children's weddings. Ruzanna spent her previous Kiva loan on increasing her shop's assortment of goods. Now, she is seeking a 750,000 AMD loan to buy beverages, foods, cereals, canned goods, household goods, etc. to sell.

Previous Loan Details

Ruzanna B. was born in 1960 and lives in Atcharkut village, Ijevan area. She is married and lives with her husband. Ruzanna has a daughter and two sons who are married and live separately from their parents. For a several years Ruzanna worked as a cook in the village kindergarten. Now she has ... More from Ruzanna'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 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.

About Armenia

  • $6,300
    Average annual income
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    Funds lent in using Kiva
  • 412.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Ruzanna to buy beverages, foods, cereals, canned goods, household goods, etc. to sell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014