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Update on Arshak

Arshak was born in Sarigyugh village, in the Ijevan area, in 1966. He is married and has three children. His two daughters are married and live separately from their parents, and his son lives with him and helps him with farming. Arshak’s parents also live with him.

For a long time Arshak has been engaged in animal husbandry and land cultivation. On his farm he breeds cows, calves, pigs and chickens. Every summer Arshak transports his farm animals to the mountains for grazing and rents a plot of land where he does hay mowing to accumulate fodder for his farm animals.

During this time he has been able to keep his family, repair his apartment, pay for his elder daughter’s education and organize his daughters’ weddings.

Arshak’s first Kiva loan allowed him to transport his farm animals to the mountains and pay rent for a plot of land. Now he is asking for a 1,000,000 Armenian drams (AMD) loan to buy two more pigs for his farm and also to buy additional fodder for his farm animals.

Previous Loan Details

Arshak was born in Sarigyugh village, in the Ijevan area, in 1966. He is married and has three children: his son is serving in the Armenian army, one of his daughters is married and lives separately from her parents, and his younger daughter is a pupil. For a long time, Arshak has been engaged in... More from Arshak'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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 384.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Arshak to buy two more pigs for his farm and to buy fodder for his farm animals.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Nov 21, 2011
Currency Exchange Loss:
Nov 18, 2013