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Levik

Update on Levik

Levik is 57 years old. He lives in the village of Geghamavan which is in Gegharkunik region with his wife and disabled son. Levik’s wife does not work and they together are still engaged in farming. By the help of last Kiva loan Levik has bought 8 sheep and 1 pig for his farm and fodder for his cows and calves, and that was a great support to his family. Levik wished that his son was healthy and they together run farming activities, but unfortunately nearly everything he does alone and there are few cases that his wife can be useful to him in the farm. His wife from their house manages to sell milk, meat, cheese, butter and macun (Armenian national dairy-product). Levik also for several times has cooperated with Nor Horizon which was again turned to be very productive.
So Levik asks a loan of 1,000,000 Armenian drams in order to buy ten sheep, chickens and a lot of animal fodder for winter.

Previous Loan Details

Levik is 55 years old. He lives in the Geghamavan village in the Sevan area with his wife, who is a housewife, and his son, who is a disabled person. Levik is a veterinarian. For many years Levik worked in Armenia and Uzbekistan and not only performing his specialty. Since 2008 Levik and his ... More from Levik'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

  • $6,300
    Average annual income
  • 159
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,475 helped Levik to buy ten sheep, chickens and a lot of animal fodder for winter.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2013