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Update on Gohar

Gohar is 38 years old, married, and has two children. She lives in Vanadzor in Lori region. Gohar operates her own business selling clothes. She rents a shop where she sells women's clothes, underwear, shoes, and boots. Her husband helps her very much by driving to Georgia and bringing back large assortments of woman shoes and winter boots. He also drives to Yerevan and brings clothes from there.

Gohar is not novice in selling and she knows how to attract customers and have a good sale during a day. Gohar is very polite and patient with her customers and she is always ready to give advice and help them with correct choice of clothes or shoes. Gohar is requesting her second loan for 1,000,000 Armenian drams, which she will use to renew her shop’s clothes and shoes assortment.

Previous Loan Details

Gohar Y. is 35 years old. She lives in Vanadzor city with her husband and two children. For about five years, Gohar has run a clothes-trading business. She purchases merchandise from Georgia and Turkey and resells it in her own shop in Vanadzor city. Gohar’s husband helps her a lot in her bus... More from Gohar'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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,058,625
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Gohar to renew her shop’s clothes and shoes assortment for the winter season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 25, 2013
Dec 19, 2013
Currency Exchange Loss:
Dec 17, 2015