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Update on Arshak

Arshak lives in the village of Sarigyugh that is in the Tavush region. He has a large family, and he lives with his wife, parents, and his son’s family.

He has a rich farm and thanks to farming and agriculture, he provides his family with good living conditions. On his farm he has nine cows, one bull, eight heifers, three piglets and twenty-five chickens. As a skilled farmer, Arshak manages to sell his farm products (dairy-products, meat, milk and eggs) both at the local wholesale market and through re-sellers.

Arshak greatly hopes to have a decent income through the help of this loan, since his first two loans from Kiva were very productive for him.

He is asking for a loan of 1,100,000 Armenian drams (AMD) in order to buy a cow, several piglets, and a lot of animal fodder for the winter months.

Previous Loan Details

Arshak was born in Sarigyugh village, in the Ijevan area, in 1966. He is married and has three children. His two daughters are married and live separately from their parents, and his son lives with him and helps him with farming. Arshak’s parents also live with him. For a long time Arshak ha... More from Arshak's previous loan »

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD
A loan of $2,725 helped Arshak to buy a cow, several piglets and a lot of animal fodder for the winter months.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 12, 2013
Dec 5, 2013
Currency Exchange Loss:
Feb 3, 2014