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Update on Norik

Norik was born in the village of Shikahogh, which is in the Syunik region. He is married and has a son who lives and works in Yerevan city, and a daughter who is married and lives with her family.

Norik, having already had two successful deals with Kiva, has decided to cooperate for the third time. He, together with his wife, continues his agricultural and farming activities; they have cows, a bull, piglets and chickens. They sell their farm products (milk, butter and cheese, eggs and meat) to their neighbors and loyal customers.

Norik asks a loan of 900,000 Armenian drams in order to buy three more calves and some animal fodder for the winter months.

Previous Loan Details

Norik and his wife are still farming. With joint effort they breed cattle, grow apples, pears, plums, potatoes, tomatoes, wheat, etc. Thanks to farming Norik keeps his family and pays his daughter’s tuition fees. Norik used his first Kiva loan for hay collection organization. Now he is asking... More from Norik'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,225 helped Norik to buy three more calves and some animal fodder for the winter months.
61% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 17, 2013
Currency Exchange Loss: