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Kishmish

Update on Kishmish

This beautiful lady with the nice name Kishmish, which in Armenian means the best and the sweetest sort of grape, lives in Ijevan with her big family: husband, father-in-law, daughter (married), son (who is in Russian Federation working), daughter-in-law and grandson. Kishmish for many years has worked at Ijevan hospitals as a nurse and she loves her work very much. Her husband works as a locksmith and both of them are engaged in beekeeping and farming. It brings good income to their family and they managed to buy furniture for the kitchen and solved financial problems connected with the marriage of their daughter. Kishmish has a perfect credit history. This is her sixth loan from Nor Horizon and the second one from Kiva.
They need a loan of 1.100.000 Armenian drams to buy 10 bee families and fodder for their farm animals (10 piglets and 15 chickens). Kiashmish thanks Kiva beforehand and she is sure that this deal, like the first one, will be very profitable for her family.

Previous Loan Details

Kishmish S. is married and has two children. She lives in Ijevan city. She works at Ijevan Polyclinic as a nurse and, at the same time, she and her husband are engaged in beekeeping. Thanks to income from beekeeping they have kept their family, bought necessary furniture for their house and also… More from Kishmish'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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Kishmish to buy 10 bee families and fodder for her farm animals.
52% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible