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Update on Nushik

Nushik is a businesswoman who lives in a beautiful town called Kapan. She is a widow and has three sons. Nushik has graduated vocational school and has a trading specialty. Her life has been very hard and tragic. She was very young and her sons were very small when her husband died and she brought up her children alone. She has worked hard and done her best to bring up kind, honest, diligent and clever people. Today, her sons are grown up. married and live separately with their families.

Nushik lives alone now and has her own business. Nushik was in an agricultural business but it was too hard for her so she decided to start her own business. She has a private small store in Kapan where she sells candies, sweets, dairy,meat and bakery products, oil, juices, etc. Nushik purchases these products from Kapan wholesale markets and also distributors from Yerevan. Nushik has many loyal customers who buy their needed products only from her market.

Even though Nushik has no higher business education she has had great success in the trading business. This is the second loan from Kiva and Nushik wants to cooperate with Kiva lenders and Nor Horizon again in order to enrich the assortment for her market. She needs 1.000.000 Armenian drams in order to do so and she knows that her business will grow with the help of this support.

Previous Loan Details

Nushik H. was born in 1954. She lives in Tavshut village, an area of Kapan, and works at an agricultural trading organization. Nushik is a widow and has three children who are married and live separately from their mother. Simultaneously with her wage work, Nushik is engaged in farming. At her... More from Nushik'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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Nushik to enrich the assortment of her market.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 27, 2013
Currency Exchange Loss:
Mar 17, 2015