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Update on Zhanna

Zhanna is still running her trading business. Thanks to her business she was able to pay for her son’s education and to repair her apartment; also she supports her family with business income. Now Zhanna’s son has a job and he helps his mother to support their family.

Zhanna used her first Kiva loan to buy a large lot of swimsuits to resell. Now she is also asking for a $ 3,000 loan to buy men’s and women’s swimsuits and underclothes to resell.

Previous Loan Details

Zhanna was born in 1950 in Bolnisi city, Georgia. When she was 20 years old she decided to move from Georgia to Armenia. Zhanna is separated and now she lives with her 23-year-old son, who she brought up without any assistance. For more than 24 years Zhanna worked as an accountant but she always... More from Zhanna'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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Zhanna to buy men’s and women’s swimsuits and underclothes to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 26, 2012
Jul 9, 2012
Currency Exchange Loss:
Feb 28, 2013