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Andranik

Update on Andranik

Andranik is 49 years old and he lives in the village of Khdranc in Syunik region. Andranik is married and he has two sons and a daughter. His daughter is married and she lives separately with her family, his elder son is doing military service and the smallest one is still school-aged. Andranik used to work as a welder, then as a driver, but now he is fully engaged in farming and agriculture with his wife. He has a rich farm with 5 cows, 25 sheep and 20 chickens. He also has a greenhouse he built on his own, where he cultivates greens and onions. On his plot of land he raises a great range of fruit trees and vegetables such as beans, cucumber and potatoes. All his farm products he sells right from his house to his customers or to re-sellers.

Andarnik is asking for a loan of 500.000 Armenian drams since he wants to buy new sort of potato seedlings and he also wants to buy several piglets and make his farm richer with farm animals.

Previous Loan Details

Andranik was born in 1964 in the Hdrants village and graduated from the Ehvardsk village school. Andranik is married and has three children. His sons attend the Kapan secondary school, daughter graduated from the Kapan medical college last year and is now unemployed. Andranik's wife is also un... More from Andranik'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.

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

  • $6,400
    Average annual income
  • 111
    View loans »
    Armenia Loans Fundraising
  • $12,677,975
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Andranik to buy new sorts of potato seedlings, several piglets and make his farm richer with farm animals.
30% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2014
Listed
Mar 16, 2014
Currency Exchange Loss:
Possible