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

Update on Khachatur

Khachatur lives with his family in Kapan city. Khachatur has graduated from the Technological Institute in St. Petersburg and after getting married he began working at the local school as a teacher. Today he is already a director of the same school. His wife works as a librarian at this school. Khachatur has two daughters and son. His elder daughter is a student of Yerevan State University in a paid division; his other two children are school-aged. After his work Khachatur second part of the day spends in his garden, where he keeps beehives. Khacahtir sells the honey and it brings good income to his nice family.

Khachatur is requesting a loan of 200.000 Armenian drams in order to buy several beehives and frames for them. It will be his second loan from Kiva. His first one he has paid back successfully and this time Khachatur hopes to receive his lenders support again.

Previous Loan Details

Khachatur B. was born in 1968 in Kapan. He graduated from the Technological Institute in St. Petersburg. He is married and has three children: two school-aged daughters and a 2-year-old son. Now Khachatur is a superintendent of the school in Verin Khotanan village, Kapan area. And his wife works ... More from Khachatur'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

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 409.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Khachatur to buy several beehives and frames for them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 22, 2013
Currency Exchange Loss:
Aug 17, 2014