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Update on Narghush

Narghush is 54 years old. She and her family live in the village of Lusahovit, which is in Ijevan district. She has four children; her three daughters are married and live separately, and her son is a student at Yerevan State University, Ijevan Branch, in the department of Tourism.

After her husband’s death, Narghush became very worried and doubly responsible for her children's living conditions and future. So she established her own business. She owns a small bakery, and she employs two workers. The employees help her very much to bake a lot of different kinds of bread. They must bake enough to provide bread for all the villagers who are used to buying their bread only from her bakery.

Her first loan gave her a chance to enlarge her business, and now she manages to bake and sell more bread than before. For Armenian people, bread is considered to be holy, and people must never throw it on the ground or spoil it. Because of this regard for bread, Narghush says that she loves her business very much. She works honestly, and she is very happy to provide people with warm, fresh and tasty bread.

She asks a loan, which she will use to buy a lot of flour, in order to bake enough bread for her villagers and to let her business grow.

Previous Loan Details

Narghush S. was born in 1959 in Lusahovit village in the area of Ijevan. She got married and moved to Ijevan city when she was 18 years old. Now Narghush has 4 children: three daughters and a son. Two of her daughters are already married and live separately. Unfortunately a year ago Narghush's hu... More from Narghush'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.

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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.

About Armenia

  • $6,300
    Average annual income
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Narghush to buy a lot of flour, in order to bake enough bread for her villagers and to let her business grow.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 25, 2013
Currency Exchange Loss:
Dec 17, 2014