Update on PaytsarNow Paytsar sells fruits and vegetables from a stall near her house. Besides trading, Paytsar and her family are now engaged in animal breeding; they have bought some cows, calves and pigs. Paytsar’s mother-in-law produces cheese and other dairy produce, which Paytsar sells from her stall. Paytsar’s family sells meat to butchers. Paytsar says that thanks to their new occupation their family’s income has been grown.
With her previous Kiva loan, Paytsar spent it to buy various fruits and vegetables to resell. Now she is asking for a 1,100,000 AMD loan to buy large lot of fodder for her farm animals and also to reconstruct her family's half-built cattle shed.
Previous Loan DetailsPaytsar H. is 37 years old. She lives in Sevan with her husband, two school-age children, and parents-in-law. For about 10 years, Paytsar was engaged in clothes trading, but in 2005 she decided to change her business area. She started to run a fruit and vegetable trading business because, in her ... More from Paytsar'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.
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.
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Success!! The loan was 100% repaid