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Update on Naira

Naira and her husband continue to run their bread production business. Several days ago their second child was born and they are extremely happy!

Thanks to their business, Naira is able to provide for her family and her parents-in-law's family as well.

Naira's previous Kiva loan was used to buy flour, oil and yeast for her production. To increase her family’s income Naira intends to diversify her bread production. To do this, she needs a $3,000 loan to buy necessary products for production: a large amount of flour and oil which she will store at her workplace.

Previous Loan Details

Naira was born in 1974 and lives in Yerevan with her husband and 5-year-old son. She is an accountant and has a Bachelor's degree in economics. After university Naira worked as an accountant in different organizations. Three years ago Naira with her husband set up their own bakery in rented pl... More from Naira'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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Naira to buy necessary products for her production: a large amount of flour and oil.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 10, 2012
Aug 21, 2012
Currency Exchange Loss:
Mar 17, 2014