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Update on Lilit

Lilit is still running her confectionery production at her own apartment. Thanks to her business income she provides for herself and for her son. Also, she was able to pay her son’s tuition fees. Now her son is serving in the army and Lilit manages her business by herself.

With her first Kiva loan, Lilit was able to buy a new oven and a large lot of sugar and flour for her production. Now she is asking for a 450.000 AMD loan to buy walnuts, flour and sugar supplies for her confectionery production.

In the future, Lilit intends to develop her business and to relocate her business from her apartment to the workshop.

Previous Loan Details

Lilit lives in Yerevan with her son. She is divorced and she brings up her son herself. Lilit is a chemist and she has worked as a laboratory assistant for a long time. Because chemistry was not profitable, Lilit decided to start her own business. Since 2009, Lilit has run a confectionery, pro... More from Lilit'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
  • 408.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Lilit to buy walnuts, flour and sugar supplies for her confectionery production.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Sep 27, 2012
Oct 10, 2012
Currency Exchange Loss:
Feb 17, 2014