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Update on Emma

Emma lives in Sevkar village in the Tavush region. She has a big family but she lives with her husband and daughter. Her son is in military service and her elder daughter is married and lives with her family. Emma and his husband are engaged in agriculture and farming. They have a very rich and beautiful far. They keep four cows, five pigs, twenty chickens and six turkeys. Their farm brings good income and Emma thinks that she has a chance to enlarge it in the near future.

Emma is not a newcomer and she has a perfect and exemplary credit history. She has taken a loan from Nor Horizon four times and it is already the second one from Kiva that she wants to take. She needs this loan to buy piglets, chickens and a lot of fodder for her farm animals.

Previous Loan Details

Emma is engaged in animal breeding. She breeds cows, pigs, hens, and turkeys in Sevkar village, Tavush region. From milk, Emma makes butter and cheese, which she sells directly from her house. Emma sells milk, meat, and eggs as well. All her neighbors know that Emma produces high quality agricult... More from Emma'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.

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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
  • 141
    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 $1,700 helped Emma to buy piglets, chickens and a lot of fodder for her farm animals.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 7, 2013
Currency Exchange Loss:
May 17, 2015