Update on AnahitAnahit is 57 years old and she lives in Stepanavan city, which is in the Lori region. Anahit is a widow and she has a son who temporally lives and works in the Russian Federation. Anahit and her retired mother live together in a nice and cute flat.
Kiva lenders already know after Anahit’s first loan that Anahit combines two very different activities; she is a musician (choir supervisor) and she also runs a clothes-trading business. She sells men's, women's and children's clothes in a small rented stall in a city wholesale market. In her business she does everything alone and perfectly overcomes problems connected with her stall, product purchase from Yerevan, its transfer to Stepanavan city and its final sale as well.
Anahit asks for a loan from Kiva lenders for the second time. This time she needs 1,000,000 Armenian drams to buy an autumn-winter clothes collection and organize the sale of it.
Previous Loan DetailsAnahit is 57 years old and she is a musician. She lives in Stepanavan city, Lori region, with her retiree mother. Anahit is a widow, and her only son lives in Russia. Anahit works at School of Arts as a choir supervisor. Simultaneously with her work at school, Anahit has been running her own cl... More from Anahit'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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Success!! The loan was 100% repaid