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Update on Nelli

Nelli is 24 years old, and she lives in Ijevan city, in Tavush region. Despite her young age, Nelli already has a rich credit history with Kiva and Nor Horizon. She has already paid off, in accordance with the repayment schedules, three Kiva loans.

Now, she needs one more loan (the fourth one), which she will use for her business development. She is an extremely brave and active girl. She was 18 years old when she established her beauty salon, and for some time she worked at both the salon and her food shop. She says that now her sister helps her in hairdressing activities. Nelli and her mother are seriously engaged in the food trading business. The products in her shop are very different and always fresh, so she is sure that she will never lack customers in her shop.

She asks a loan of 1,200,000 Armenian drams. She will use this amount to renew and to buy a new assortment of products for her shop.

Previous Loan Details

Nelli is a young businesswoman. She is not married and lives with her father, mother and school-aged brother. She is psychologist. She was 18 years old and a student, when she launched her first business trading foodstuffs. But in 2009 she changed her business sphere and set up a beauty salon in ... More from Nelli's previous loan »

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 412.4
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,925 helped Nelli to renew and to buy a new assortment of products for her shop.
49% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 4, 2014
Feb 24, 2014
Currency Exchange Loss: