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Update on Anahit

Anahit is still running her business selling glassware, covers, tea sets, etc. This is Anahit’s second loan from Kiva and her tenth from Nor Horizon. She has never delayed her repayments.

Anahit used her first Kiva loan to diversify her shop's assortment of inventory. After her previous Kiva loan, she was able to reconstruct her shop and to make it more comfortable for her customers.

Now, Anahit is asking for a loan of 800.000 AMD, which she will spend to buy a large lot of souvenirs, vases and various glassware items for her shop.

Previous Loan Details

Anahit H. is 54 years old. She lives alone, because her husband lives in Russia, and her children are married and live separately from their mother. For about 10 years, Anahit has been engaged in selling glassware in a shop which is located on one of Vanadzor's central streets. She sells kitchen ... 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.

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
  • 168
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 392.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,050 helped Anahit to buy dinner and tea services and sets of forks and knives for her shop.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Apr 27, 2012
Apr 30, 2012
Currency Exchange Loss:
May 30, 2012