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Update on Alina

Alina lives in Ijevan city, which is in Tavush region. She is married and her son and daughter are students at the Yerevan State University, Ijevan branch. Several years ago, Alina used to work as an accountant at the combine, but for the past 18 years, she has provided for her family's needs through her clothes trading business. Her husband, who is now in the Russian Federation for work abroad, also does his best to earn for their family. Nevertheless, a major part of their family's income is from Alina's business. She rents a stall at the city wholesale market, where she sells men's and women's clothes and shoes. As she says, she has many loyal customers, who even make orders for some clothes and at the end of each month she brings them from the Yerevan city wholesale market.

This will be Alina's second loan from Kiva. She has paid back the first loan conscientiously and ahead of the repayment schedule. This time, she asks for a loan of 500,000 AMD in order to buy a new collection of winter clothes for her business to increase the family's income.

Previous Loan Details

Alina was born in 1966 in Achajur village, Tavush region. Then her family moved to Ijevan city, where Alina left secondary school. Now Alina lives with her husband, two children and parents-in-law. Her son is serving in the Armenian army; her daughter is a student of Yerevan State University,... More from Alina'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
  • 168
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Alina to buy a new collection of winter clothes for her business to increase the family's income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Nov 12, 2013
Currency Exchange Loss:
Sep 17, 2014