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Anahit

Update on Anahit

Ahanit is still running her business. Thanks to her trading income, Anahit helps her husband to keep their family and has paid for her son’s education. She shares that her son has already graduated from the Institute and now he is serving in the Armenian Army.
Anahit spent her previous Kiva loan on a winter assortment of clothes and boots for her business. Now she is asking for a $2,000 loan to buy a large lot of sweaters, jeans, coats, winter shoes and also children’s clothes to resell.

Previous Loan Details

Anahit is 49 years old, she was born and raised in Kajaran and now lives in the town of Kapan. Anahit is married and has two children, a son and a daughter. Her husband works as a head at one of Kapan's municipalities, her son is in the fourth year of Kapan Polytechnic Institute, and her daughter… More from Anahit'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

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,409,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Anahit to buy a large lot of sweaters, jeans, coats, winter shoes and also children’s clothes to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2014