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Update on Rubik

Rubik is 60 years old and he lives in Gavar city, which is in the Gegharkunik region. Rubik has graduated Gavar State University, but he has never worked anywhere but his farm. Rubik is marred and he has four children; three daughters and a son. All his daughters are married and they live separately from their parents. Rubik’s son is not married yet; he works at the construction company.

Rubik and his wife are engaged in farming and they breed tree cows, a heifer, two bulls and two calves. Their farm products they sell from their house to resellers. Rubik greatly wants to enlarge his farm cattle, not being afraid of work and much expenditure connected with it. Rubik asks a loan of 1,000,000 Armenian drams in order to buy several cows and a lot of animal fodder.

Previous Loan Details

Rubik has a small and beautiful farm which he takes care of with great pleasure and enthusiasm. He has two bulls, one heifer and one calf. Rubik’s wife helps him very much with the farming activities. They live in a small nice city, Gavar, in the Gavar area. Rubik is 60 years old and he has four ... More from Rubik'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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Rubik to buy several cows and a lot of animal fodder.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013