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Nune

Update on Nune

Nune lives in Kapan with her son and daughter. Unfortunately Nune's husband has died several years ago and she alone and with great effort has brought up her children, both of whom are now students. Her son studies at the Yerevan State Economics University in the Department of International Economics Relations (paid division) and her daughter is a student of the Marketing Department at the same university. They both are very clever and prudent persons and they understand only educated and clever society can create a future for their country.

Nune herself is a teacher. She graduated from Yerevan State Linguistic University. For a long time she has worked at the school as a Russian Language and Literature teacher. Now she works as a secretary at the Syunik regional administration office. It is already Nune's second Kiva loan and like the first one this time Nune again needs money to pay for her sons tuition fees for the second semester.

Previous Loan Details

Nune became a widow 14 years ago and has been raising two children: a son and a daughter since then. Her son is a third-year international economics relations student at the Yerevan State Economics University, and her daughter is a first-year marketing student at the same university. Both atten... More from Nune's previous loan »

Additional Information

More information about this loan

This loan is part of NorHorizon's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you're enabling access to education for students with limited options. 

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $13,280,700
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Nune to pay for her son's tuition fees for the second semester.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013