Update on ArpineArpine, a citizen of Tsaghkunk village, continues to run an animal breeding and land cultivation business in her village. She uses the income from this activity to meet her family's needs. With her first loan from Kiva, Arpine bought fodder for her animals and oat seeds, as she uses oat for her animals as a feed. Thanks to this loan, her food productivity has increased, especially the dairy products. Because her farming expanded, Arpine decided to increase the number of her animals, especially the number of cattle.
Arpine needs a new loan to buy two cows and some fodder to further increase her food productivity. Arpine intends to accumulate money for her children's good future.
Previous Loan DetailsArpine P., 23, lives in Tsaghkunk village, an area of Sevan, with her husband, her two children, aged two and four, and her parents-in-law. She and her family have been running an animal breeding and land cultivation business since 2007. They raise cows, sheep and horses on their farm and grow oa... More from Arpine'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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