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Update on Gohar

Gohar lives in Vanadzor city in the Lori region. She isa nice woman of 64 years. Gohar lives with her granddaughter. Her husband died several years ago and her daughter is temporally abroad. Her granddaughter is a student of Vanadzor State Pedagogical Institute in the department of History and Jurisprudence. She studies at the paid division and her grandmother Gohar pays for her tuition fee. It has been ten years that Gohar has been running her own clothes trading business. In the center of their city Gohar has a shop where she sells women's and men's clothes, women's bags and clutch bags. The income from her business she tries to divide into equal parts so as to keep their living conditions just on a minimum level.
Gohar asks a loan of 1,100,000 Armenian drams in order to buy a lot of autumn-winter clothes for a new collection and to enlarge both her business and family income.

Previous Loan Details

Gohar is a widow and she is 62 years old. Gohar lives in Vanadzor city with her daughter and two under-aged grandchildren. More than 6 years ago Gohar established her own business, which allows her to provide her family. Gohar sells men’s and women’s clothes, outerwear and handbags as well. S... More from Gohar'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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $14,954,275
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Gohar to buy a lot of autumn-winter new collection of clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Oct 15, 2013
Currency Exchange Loss:
Oct 17, 2014