Update on JulietaJulieta is 45 years old. She lives in Ijevan city in the Tavush region. She has two daughters; her elder daughter is married and she lives with her family, her youngest daughter lives with her and works at a travel agency as a sales manager. For many years Julieta used to work at a carpet factory, but now she has her own clothes trading business. At the local wholesale market she rents a stall and sells men and women's clothes. She gets merchandise from the Yerevan wholesale market twice a month. As she says, her business is a profitable one, and with its income she managed to organize her daughter’s wedding party, paid for her younger daughter’s education, and made minor repairs and furnished her flat.
She asks a loan of 1,200,000 Armenian drams in order to renew her spring-summer season clothes collection, with great hope of again having good income from its sale.
Previous Loan DetailsJulieta lives in Ijevan city. She is 43 years old, separated and has two daughters. Her older daughter is married and lives separately, and the younger one, who is jobless, lives with Julieta. For several years Julieta worked in the Ijevan carpet company. Since 1995, she has been involved in the… More from Julieta'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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