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Update on Hayk

Hayk lives in Ijevan city in Tavush region. Hayk is very happy to have his second loan with Kiva. The first loan, he used to purchase a large quantity of fodder for his farm animals and he also repaired his beehives.

Hayk works at the Ijevan police station as policeman. He lives with his mother, with whom he manages all the farming activities. On his farm he has cows, goats, chickens, ducks, geese and several bee colonies. So the sale of these products is the main income for his family.

Hayk is asking for a loan of 450,000 Armenian drams in order to buy three horses for his farm.

Previous Loan Details

Hayk is engaged in animal-breeding, poultry-keeping and also bee-keeping. On his farm he has cows, goats, chickens, ducks, geese and several bee colonies. He sells the milk, cheese and honey he produces directly from his house. He sells poultry and beef to restaurants. Hayk says that bee-kee... More from Hayk'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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,125 helped Hayk to buy three horses for his farm.
56% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Dec 25, 2013
Currency Exchange Loss: