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Update on Khariton

Khariton is a young and rather successful businessman who lives with his family in the city of Sevan in Gegharkunik region. This will be Khariton's third loan from Kiva and its field partner, Nor Horizon.

He is still running his own business; he has a wholesale grocery trade from his warehouse to other grocery stores. He is already a very skilled and clever businessman, and now he has a lot of new partners who bring him big orders, which promises a decent income for his family.

Khariton asks a loan of 1.000.000 Armenian drams to buy a lot sweets, coffee, and drinks before the New Year's holidays, since he knows that this period of the year is very profitable and active for his business.

Previous Loan Details

Khariton is a young accountant who continues to sell groceries and produce in Sevan. Khariton's previous loan with KIVA allowed him to resell a large batch of sweets, juices, coffee and other groceries. He made a tidy profit from that venture which he invested in expanding his inventory and his b... More from Khariton's previous loan »

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 407.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Khariton to buy a lot of sweets, coffee, and drinks .
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 10, 2013
Currency Exchange Loss:
Jun 17, 2014