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Update on Mariam

Mariam is 30 years old and she is already a very successful businesswoman. She lives in Yerevan with her brother and sister, in a rented flat.

Now, she works at the Yerevan wholesale market, in the department of jewelry sales, where she has rented a stall. She works alone and she sells very nice jewelry, made of gold (e.g., rings, sets, necklaces, bracelets, earrings, and pendants, such as crosses and designs in the form of different animals).

The jewelry that she sells, she orders and buys from several particular jewelers, several times during the month. She is not married and she has much time to spend on her business. That is why the business is striving and she is very much satisfied.

This is Mariam's second deal with Kiva and she hopes to deserve her lenders' support again. This time, Mariam asks a loan of USD 3,000 to enlarge her stall assortment and, in this way, receive good income, both for her living and for her new orders of more expensive jewelry.

Previous Loan Details

Mariam was born in 1983 and she lives with her mother, brother and sister-in-law in Yerevan. Her father works seasonally in the Russian Federation, which helps to cover his family’s needs. Mariam has danced for more than 14 years; she graduated from Sofi Devoyan’s Soul and Dance Theatre and s... More from Mariam'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

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mariam to enlarge her stall assortment of jewelry to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 11, 2013
Currency Exchange Loss:
Mar 17, 2015