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Update on Susan

Susan and her husband continue to run their food and household goods trading business. Susan says that recently they bought their own shop and this has allowed them to reduce the business’s expenses. Thanks to their business income, they have been able to support their family, paying for their children's education, organizing their children’s weddings and buying a car for their business.

Susan used her first Kiva loan to diversify her shop’s product assortment. Now she needs a $3,000 loan to enlarge her new shop; thus, she will be able to display more merchandise and serve customers in appropriate conditions.

Previous Loan Details

Susan K. was born in 1968. She lives in Ijevan city with her husband. Her two children are already married and live separately from their parents. She and her husband run their own business in a rented shop, where they sell food and household goods. Thanks to their business income they have… More from Susan'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

  • $6,400
    Average annual income
  • 106
    View loans »
    Armenia Loans Fundraising
  • $12,432,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Susan to enlarge her new shop.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Sep 5, 2012
Sep 17, 2012
Currency Exchange Loss:
May 17, 2014