Update on ValerikValerik was born in 1968 in the Achanan village in the Kapan region. He has a secondary education and is an electromechanics professional. Currently, he works as an operator at the Kapan oxygen fueling station. Valerik is married and has a son and a daughter. His son is 18 years old and is a second-year law student at the Kapan college. Valerik's daughter is 21 years old, and she attends a master program at the Yerevan Architecture University. Valerik's wife helps him with the business. He has been involved in an agricultural business in the Achanan village for almost ten years and has his own plot of land, where he and his wife grow vegetables and wheat. Besides this, he owns cattle and bees (two beehives). Together with his wife, Valerik sells vegetables from his land at the Syunik regional markets, and his loyal wholesalers buy meat, milk, wheat and honey right from his house. Valerik uses his profits from the agricultural business to pay for his children's education and to support his family. Valerik needs a loan in the sum of 800,000 Armenian dram to buy hay for his livestock and to buy a new variety of wheat for sowing.
Валерик почти 10 лет занимается сельскохозяйственным бизнесом и имеет в деревне Ачанан собственый земельный участок где выращивает вместе с женой овощи и пшеницу. Кроме того у него есть крупно рогатый скот, пчелы(2 улья). Вместе с женой он реализует овощи из огорода на рынках Сюникской области а мясо, молоко ,пшеницу и мед у него покупают постоянные скупщики прямо из дома .С дохода от сельскохозяйственого бизнеса Валерик платит за учебу детей и содержит семью.
Валерику нужен кредит 800.000 армянских драмов, для покупки сена для скота и для покупки нового сорта пшеницы для посевных работ.
Previous Loan DetailsValerik N. was born in 1968 in Kapan. He is an electrician, and worked for several years at his specialty. Now he works in an oxygen filling station as an operator. At the same time, Valerik is engaged in stock farming and growing crops, which he manages with his own funds. He breeds cows and ... More from Valerik's previous loan »
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.
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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.
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Success!! The loan was 100% repaid