Update on LarisaLarisa with her lovely and nice family lives in the village of Ddmashen in the Sevan area. Larisa is married and she has a large and hospitable family including her husband, mother-in-law, her son, daughter-in-law and two grandchildren. It is already 20 years since Larisa has been engaged in farming. For some time, she worked at the illuminating glass factory, but today the main and the only source of income is her farming. On her farm, she has cows, sheep, pigs and chickens. With the help of her last Kiva loan, Larisa managed to increase the number of sheep and buy a lot of animal fodder. She is a very responsible client of Nor Horizon and she has already taken prior loans.
Larisa wants to have a deal with Kiva lenders again and she is asking for a loan of 700,000 Armenian drams to buy piglets since this time she wants to try her luck in swine breeding. She is sure that having such a reliable partner like Kiva, her farm’s prosperity is guaranteed.
Previous Loan DetailsLarisa is 51 years old. She lives in Ddmashen village, Sevan area, with her big family, which consists of her husband, her mother-in-law, her son, daughter-in-law and two grandchildren. Larisa has worked at the illuminating glass factory for 7 years. In the early nineties, Larisa started to en... More from Larisa's previous loan »
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.
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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.
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