Update on VaheVahe is 30 years old. He lives in Ijevan city with his wife, son and daughter. Vahe has no higher education, but he perfectly manages to provide his small family with normal living conditions.
Vahe has a crane of his own, which is very often rented for doing construction work and for transferring heavy loads. Vahe is a hardworking person and loves his family very much and he is doing his best to enlarge his family income.
He asks a loan of 1,100,000 Armenian drams to buy six tires for his crane and some other car spare parts. He already twice has taken loans from Nor Horizon and he has paid them back successfully.
Previous Loan DetailsVahe S. was born in 1983 in Ijevan city, Tavush region. He is married and has two children, a son and a daughter. His wife stays at home and takes care of their children and Vahe works as a crane operator. He takes orders for loading and unloading building materials and other goods, and thanks to... More from Vahe's previous loan »
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources
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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This loan has been fully funded!