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Update on Ashot

Ashot lives with his wife in Kapan city. They have three children; two sons and a daughter. His elder son and daughter are married and they live separately with their families. Their smallest son became seriously interested in football after military service and now plays in a football club. Ashot, as he used to, is engaged in agriculture and he cultivates various vegetables and fruits. Ashot cultivates beans, tomatoes, cucumbers, peppers, eggplant, zucchini, radishes, and greens. He also has apple and peach trees and several plum and pear trees. Ashot sells his garden’s harvest through the re-sellers or in wholesale market. This will be Ashot’s second loan from Kiva. He used the first one to build a concrete fence along his garden.

This time he asks for a loan of 1,000,000 Armenian drams (AMD) in order to mold the soil and also to buy fertilizers for his vegetable garden.

Previous Loan Details

Ashot, who lives in Kapan in the Syunik region, has been engaged in vegetable gardening for 30 years. Ashot cultivates beans, tomatoes, cucumbers, peppers, eggplant, zucchini, radishes and greens. He knows nearly everything of how to choose and plant different seedlings, the right time to harvest... More from Ashot'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.

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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.


About Armenia

  • $6,300
    Average annual income
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Ashot to mold the soil and also to buy fertilizers for his vegetable garden.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 4, 2013
Sep 28, 2013
Currency Exchange Loss:
Oct 28, 2013