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Anahit

Update on Anahit

Anahit lives in Ijevan city, presently with her husband and daughter. Anahit’s son is now in the military, serving in the Armenian Army. Her daughter is unemployed. Anahit’s husband goes to Russia from time to time, for seasonal work. But right now, he is jobless.

Anahit has been engaged in bakery production, in her house in Ijevan city, since 2000. She produces buns, bread, Armenian traditional bread (lavash) and many sweet cookies. With profits from her baked goods, she has provided for her family's needs, including paying for her son’s education, and buying household appliances that her family needed.

This loan will help Anahit to buy lots of flour and other raw ingredients for dough. The anticipated profits from using the loan, she will use to support her family, conserving some money for her children's future. She prefers to receive a Kiva loan, because her first loan was very successful for her.

Previous Loan Details

Anahit is 40 years old and she lives in Ijevan city. Anhit’s son is a fourth year student of Ijevan branch of Yerevan State University. He is studying in ecological department. Anahit is requesting a loan of 110.000 AMD to pay for her son’s education.

Anahit is married and has a daughte... 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
  • 105
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Anahit to buy lots of flour and other raw ingredients for dough.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014