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Update on Amalya

Amalya still rents the shop where she sells flowers, candles, fancy boxes, bags, house plants and other small souvenirs. Due to her first loan from Kiva she had made successful purchases and her business profit has greatly increased. Encouraged by that successful purchase she decided to request a new loan of 150,000 Armenian drams for buying picture frames and other souvenirs.
She will resell them for Valentine’s Day which is very popular in Armenia. But on February 13, before Valentine's Day, Armenians celebrate another national holiday – Terendez (An Armenian ancient holiday somewhat like the Russian Maslennitsa and Valentine’s Day because its main participants are young couples).

Previous Loan Details

Amalya is engaged in the flower sales business. She rents a shop where she sells flowers, various house plants, candles, fancy boxes and bags and small souvenirs. Amalya arranges the flowers herself as she worked as a designer in the past. She buys her flowers from the neighboring city’s hothouse... More from Amalya'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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 406.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Amalya to buy picture frames and other souvenirs to expand the selection in her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 2, 2013
Currency Exchange Loss:
Jan 17, 2014