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Artush

Update on Artush

Artush is 39. He lives in Tsovagyugh village, Sevan area with his wife and school age children, a son and two daughters.

Artush has a private mini shop where he trades food and household goods. He is also engaged in animal breeding. Artush breeds cows, calves, bull calves, sheep and pigs.

Artush sells his milk and meat to his fellow villagers and to buyers from the Sevan food market. His wife helps her husband in his businesses.

Thanks to his occupations, Artush is able to support his family.

Now he intends to develop his farm and his shop assortment before the New Year’s holidays. So he needs a 1,000,000 AMD loan to buy three more bull calves for his farm and to buy a large lot of beverages and foods and pastry for his shop.

This is Artush’s second loan from Kiva and Nor Horizon. He used his first loan to increase his shop assortment.

Previous Loan Details

Artush G., 37, lives in Tsovagyugh village, Sevan area with his wife and school age children. He has a son and two daughters. Artush has a private mini shop where he trades in miscellaneous goods. He is also engaged in cattle-breeding. Now Artush needs a loan to increase the assortment of goods... More from Artush'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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

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

  • $6,400
    Average annual income
  • 169
    View loans »
    Armenia Loans Fundraising
  • $13,280,700
    Funds lent in using Kiva
  • 382.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Artush to buy three more bull calves for his farm and to buy a large lot of beverages, foods and pastry for his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Dec 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014