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Update on Anahit

Anahit is 45 years old and lives in Vanadzor city in the Lori region. Anahit asking for second loan from Kiva. She is running a clothes-trading business at a rented stall in the city's wholesale market. She has a lot of regular customers. The first loan helped her to buy an assortment of autumn clothes to resell, which she sold successfully and received decent income. With the coming of the winter cold season she wants to sell jackets and coats for women and men.
She asks for a loan of 500,000 Armenian drams to buy festive dresses and clothes for women and men in time for the holidays when she is sure she will have good sales.

Previous Loan Details

Anahit has been running a clothes trading business for over 10 years in Vanadzor city. She rents a stall at the central clothes fair. Anahit sells women’s and men’s clothes as well. She buys merchandise form Yerevan’s wholesale markets once a week. Anahit likes her occupation very much. She i... More from Anahit'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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Anahit to buy festive dresses and clothes for women and men in time for the holidays when she is sure to have good sales.
68% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 13, 2013
Dec 27, 2013
Currency Exchange Loss: