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Liana

Update on Liana

Liana lives in Ijevan city in the Tavush region. Despite having a medical education and a very useful, even the most important profession of a nurse, Liana is engaged in a clothes trading business. She has been in this business 14 years and during that period, Kiva and Nor Horizon have been the best partners for her. This deal will be her third one with Kiva lenders.

She sells women's, men's and children's clothes, and also women's shoes, at a Ijevan wholesale market. Thanks to her business, she bought for her husband a truck, and he also has his small business of fruit and vegetable sales. As she says, thanks to her and her husband’s businesses, they manage to take care of their two children, who are already students, and provide their family with good living conditions.

Liana asks for this loan being sure that she will manage to have the same success in her business as during the previous two loans. She asks for a loan of 600,000 Armenian drams in order to buy summer season clothes, since they are already in great demand in her city.

Previous Loan Details

Liana continues to operate her clothes and shoe trading business. She still manages her business in the rented location as the repair of her own shop has not yet been completed. Liana spends part of her business’s income on her family’s needs and the other part she uses to finish her own shop's r... More from Liana'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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 412.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Liana to buy summer season clothes since they are already in great demand in her city.
52% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible