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Update on Anna

Anna and her nice family live in Sevan in the Gegharkunik region. She works as a teacher of geography at the local school. Anna has a big family: she lives with her husband and three children. Her elder daughter is a student at the State Armenian University of Economics at the paid division. Anna’s first loan was for her daughter’s tuition fee, and she is greatly thankful for such support from Kiva lenders. Her second daughter and son are still school-aged. Her husband works as a court clerk.

During this year, the family finally managed to repair their house. For such a large family, it is very hard to have savings, but gradually they repaired their house and made it more comfortable, brighter and modern, but now they cannot furnish their house due to lack of money. Anna is asking for a loan of 400,000 Armenian drams in order to buy kitchen and living-room furniture for their house.

Previous Loan Details

Anna is 41 years old and lives in Sevan city with her husband, two daughters, and a son. Her husband works as a court clerk. Anna graduated from Yerevan State University, in the field of geography. Since 1993 she has been working in Sevan secondary school as a teacher. She teaches geography, natu... More from Anna'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
  • 109
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Anna to buy kitchen and living-room furniture for their house.
96% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 3, 2013
Dec 22, 2013
Currency Exchange Loss:
Jul 17, 2015