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Update on Nelli

Nelli is a young businesswoman. She is not married and lives with her father, mother and school-aged brother. She is psychologist. She was 18 years old and a student, when she launched her first business trading foodstuffs. But in 2009 she changed her business sphere and set up a beauty salon in Ijevan. Now Nelli is engaged in two different businesses: the hairdressing saloon and a butcher's shop which she organized with her Kiva second loan.

With the second loan from Kiva, she bought a shop-window refrigerator for her newly-opened butcher shop. Nelli's parents help their daughter in her hard and different businesses. She also sells a lot of alcohol-free drinks and coffee.

As her trading business is going well Nelli decided to add a variety of goods to resell but at the same time she doesn't want to close her beauty salon because a lot of customers like it. Thanks to Nelli's businesses her family's living conditions have improved.

Nelli is seeking a loan amount of 1,000,000 Armenian drams to buy a big quantity of meat for her butchery business and to add to the variety of the food she has to resell.

Previous Loan Details

Nelli is 20 years old. She lives in Ijevan city with her parents and her school-aged brother. Nelli has been running her own hairdressing salon for about two years. Before this business, Nelli was engaged in food sales, but in 2009 she changed her business and she hasn't regretted this change. ... More from Nelli'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
  • 165
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • 414.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Nelli to buy a big quantity of meat for her butcher business and to add to the variety of food she has to sell.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 13, 2013
Mar 17, 2013
Currency Exchange Loss:
Feb 17, 2014