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Update on Liana

Liana is still engaged in toys and presents trading business. With her previous loan from Kiva Liana added her toy assortment and sold it during Christmas Holydays. She received a good profit which helped her to solve her family needs and to develop her business during this period.
She is very shining and kind person and that’s way she has her regular customers which prefer to buy toys and presents from Liana’s shop because her goods are ecological clean and safely for their children. Whole working time you can meet a lot of happy children and parents which are choosing toys and presents for them.
Liana asks for Kiva 1.000.000 AMD loan to buy and import a new toy and presents assortment from United Arab Emirates for Christmas and New Year big sales season.

Previous Loan Details

Liana is 37 years old. She is not married and lives with her brother and sister in law. Liana has a higher education and for more than 13 years she worked in State Structure, but since the salary was not high Liana decided to run her own business. Since 2004 Liana has been engaged in a to... More from Liana'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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 406.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Liana to buy and import a new toy and presents assortment from United Arab Emirates for Christmas and New Year big sales season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 14, 2012
Nov 23, 2012
Currency Exchange Loss:
Jun 17, 2014