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

Update on Mher

Mher is 40 years old and he lives with his family in the village Srashen which is in Syunik region. He has three children, two daughters and a son. His wife does not work and brings up their children. At the same time, she is a helper for her husband and a perfect housewife in their house.

Mher has no higher education, and for several years he worked at a car service center. Mher is also a great patriot. For three years, he took part in the defensive battles of his village Srashen as a volunteer. After he completed his military service, he finally got married.

Today his village is a very peaceful and beautiful place, both to live and bring up children, and to establish a farm and produce agricultural goods. Mher keeps six cows, seven bee hives, five piglets and fifteen chickens. On their plot of land the family cultivates greens and different vegetables.

With the loan amount which Mher asks from Kiva lenders, he plans to purchase several bee hives, animal fodder, and diesel fuel. The loan will also enable him to organize harvest gathering activities.

Previous Loan Details

Mher is 38 years old. He was born and grew up in Srashen village in the Kapan area. Since his youth Mher together with his parents has worked in agriculture in his native village. Mher is married and lives separately from his parents with his wife, two daughters who are 10 and 2 years old and ... 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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 161
    View loans »
    Armenia Loans Fundraising
  • $13,185,300
    Funds lent in using Kiva
  • 411.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,450 helped Mher to purchase several bee hives, animal fodder, and diesel fuel and also to be able to organize harvest ñgathering activities.
56% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
Possible