Update on LianaLiana is married and she has two small children. They live in the village of Lchashen which is in the Gegharkunik region. Her husband’s work (he does house repairing) is not constant and he manages to help Liana around their farm. On their farm they keep cows, sheep and chickens, and the sale of their farm products (milk and meat) has come to be the main source of income for their family. Land cultivation (mainly potatoes and greens) fully remains on the fragile shoulders of this nice lady, but she says that working with land relaxes her and gives her positive thoughts.
Liana is very happy again to have a deal with Kiva lenders. Last time’s cooperation has supported her family very much and they managed to buy two calves, potato seedlings and fertilizer. Today Liana again has a request; she want to buy two cows, three piglets and ten chickens, and also a lot of fodder for her farm animals in order to be safe from cold winter surprises.
Previous Loan DetailsLiana lives in Lchashen village. She is cosmetologist but has never worked in this business. Liana has two small children, a son and a daughter, and her husband sometimes works in construction. Liana works as a farmer and animal breeder in her village which is in an area of Sevan. Since her husba... More from Liana'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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