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Update on Susanna

Susanna is very nice lady of 55 years. She lives in the Achadjur village of the Tavush region. She has a small and lovely family; she lives with her husband and her son. Susanna is already a very respected and pleasant client of Nor Horizon and Kiva. Her first loan from Kiva helped her to fence off her garden and to buy persimmon and fig trees. She has a very beautiful and colorful vineyard and a fruit garden full of plums, apples, persimmons and pomegranate trees. Susanna and all of her family members are employed, but they all just love gardening and they do their best in order to manage their gardening activities together with their work. They use the harvest from their garden both for their family and to sell as well.

Susanna asks for a loan of 1,100,000 AMD in order to buy some new trees and also to organize autumn sowing activities.

Previous Loan Details

Susanna was born in Georgia in 1958 and currently lives in Armenia, in the Achadjur village of the Tavush region. She is married and has a son, who lives separately and plans to get married soon. Susanna's husband is a retiree. Susanna teaches and parallel to that is involved in gardening. He... More from Susanna's previous loan »

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 153
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,725 helped Susanna to buy some new trees for her orchard and also to organize autumn sowing activities.
57% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 23, 2013
Currency Exchange Loss: