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Update on Anush

Anush is 54 years old, and she lives in Vanadzor city. Anush is a widow and has a son and a daughter. Her son is in the Russian Federation for work abroad, and her daughter is already married and she lives separately with her family. Anush now lives alone, and she is fully engaged in the clothes trading business. She sells a great variety of men's and women's clothes and slippers in a rented stall in a Vanadzor city wholesale market. She also rents a car once a month to bring products for sale from Yerevan wholesale clothes markets. She mentions that the income is not constant; sometimes it is so little that she really needs some support to be able to cover all her expenses. Of course, her son from time to time helps her, but he is a rented worker there and sometimes he just does not manage to find any work.
Anush asks for a loan of 800,000 Armenian drams to buy a lot of clothes for the autumn-winter collection and to renew her stall assortment.

Previous Loan Details

Anush is 53 years old. She lives in Vanadzor with her husband and a daughter. Anush’s husband works as a taxi driver and her daughter works at a clothes factory as a seamstress. But the major part of family income is thanks to Anush’s business. Anush rents a stall where she sells women’s clothes.... More from Anush'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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 412.0
    Armenia Drams (AMD) = $1 USD
A loan of $1,950 helped Anush to buy a lot of clothes for the autumn-winter collection and to renew her stall assortment.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013