Check out some available loans that are similar to this one!
Mher

Update on Mher

Mher is still engaged in farming and animal breeding. His last loan from Kiva helped him to increase the number of his cows and pigs. During the last year, Mher has sold a lot of beef, pork, cheese and eggs. He received a good profit and enlarged his agricultural business. Part of this profit he used to buy special tools for milking the cows, which is shown in his profile photo. It helps him milk cows faster and more effectively. With another part of his profit, Mher paid off his Kiva loan ahead of schedule.

Mher’s wife and mother grow wheat, oats, grapes, fruits and vegetables on their plot of land. They work hard day and night to overcome some economical difficulties in their life.

Apart from agriculture, Mher has found a new job in Ijevan city where he works in a construction company as a worker. Mher accumulates his salary from his construction occupation in order to build a new barn for his animals. This is his big dream and as he confessed, he will do his best to reach that dream as soon as possible.

Mher asks for his second loan from Kiva lenders to buy eight young piglets (farrows), fodder for his animals and to organize seeding in his plot of land.

Previous Loan Details

Mher G. was born in 1978 in the Koti village area of Ijevan, and he still lives in his native village. Mher is married and has two sons (3 and 5 years old). Mher, his wife and his mother are engaged in animal breeding, land cultivation, gardening and beekeeping. They raise cows, calves and ch... More from Mher'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
  • 181
    View loans »
    Armenia Loans Fundraising
  • $13,004,275
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Mher to buy eight young piglets (farrows), fodder for his animals and to organize seeding in his plot of land.
57% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible