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Update on Svetlana

Svetlana lives in Kapan city, Syunik region. After school, she graduated from the College of Music, but she never worked as a musician. For several years she worked at the factory as a worker, and then she had her clothes trading small business. Now, for six years already, she has had another business. In a small space of her own, she sells a great range of flowers, which she buys from the local flower wholesale market nearly every day. She considers this business rather profitable since thanks to this business, she manages to solve her financial problems and also to provide for her three children, who are already married, and their families.

Now, Svetlana asks for a loan of 600,000 AMD in order to buy a lot of different flowers and some other materials for making nice bouquets. She is sure that with the coming of spring, she will have good sales of flowers from her shop.

Previous Loan Details

Svetlana lives in Kapan City with her three children. She became a widow very early and, for many years since her children were still small till now, she has worked very hard to support her children with good living conditions. Today, they are already married and live separately with their famili... More from Svetlana'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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Svetlana to buy a lot of different flowers and some other materials for making nice bouquets.
67% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 18, 2014
Apr 1, 2014
Currency Exchange Loss: