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Update on Baghdasar

Baghdasar and his family are still farming. Thanks to his agricultural business, Baghdasar is able to provide for his large family.

He used his first Kiva loan to buy animal feed. Now he needs a 1,000,000 AMD loan to buy a large lot of fodder for his farm animals.

Previous Loan Details

Baghdasar is forty years old and lives in the village of Geghamavan, Sevanskaya region, with his wife and three children. Baghdasar's oldest son is a freshman at Sevanskii college, his youngest son and daughter attend middle school. After receiving his primary education, Baghdasar began breeding ... More from Baghdasar'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
  • 118
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 413.5
    Armenia Drams (AMD) = $1 USD
A loan of $2,425 helped Baghdasar to buy a large lot of fodder for his farm animals.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 12, 2012
Jul 20, 2012
Currency Exchange Loss:
Aug 19, 2012