Update on AstghikAstghik still pursues her various agricultural activities in the village of Achanan in the Syunik region. This year she has a good harvest for sale. She and her nice family do their best to have a good and tasty harvest for each season. Astghik’s son now also helps her in agriculture, since he has graduated from Yerevan State University and together they manage to cultivate vegetables, fruits and nuts. Astghik manages to sell the produce through the re-sellers. Simultaneously Astghik works for a government organization, focused on preserving the historical monuments of the Syunik province. Astghik’s husband is temporarily in the Russian Federation and from there he also financially helps his family.
She asks for a loan of 900,000 Armenian drams in order to buy seedlings, to organize sowing activities and to buy several chickens.
Previous Loan DetailsAstghik is still managing her agricultural business. Thanks to the business she is able to pay for her son’s education and to fulfil part of her family’s needs. Astghik shares with us that now her daughter is married and she lives separately from her parents. Astghik used her first Kiva loan ... More from Astghik'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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This loan has been fully funded!