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Update on Asya

Asya is 59 and she lives in the village Tatev in the Syunik region. Asya graduated Yerevan State Agricultural University. She lives alone and perfectly manages all the agricultural activities on her land. Asya also maintains accounting records of some private enterprises, but it is her agricultural occupation, upon which she spends a lot of time and effort, that remains her main source of income. She cultivates on her land beans, potato, greens, cucumbers, tomatoes, and fruits such as apples, nuts, cherries, plums and pears. All these products, she also manages to sell at the Kapan city wholesale market. As Asya says, land cultivation is both her way of earning money and also her way of enjoying her time while being close to the land and nature.

Asya needs this loan amount in order to buy seeds, seedlings, and fertilizers for her agricultural activities. She has great hope of gathering a good and tasty yield that is profitable upon sale.

Previous Loan Details

Asya is 58 years old and she lives alone in the village of Tatev which is in the Syunik region. She graduated from Yerevan State Institute of National Economy. Today she is engaged in the cultivation of vegetables and fruits, and she also maintains accounting records for private enterprises. This... More from Asya'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 413.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Asya to buy seeds, seedlings, and fertilizers for her agricultural activities.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 7, 2014
May 6, 2014
Currency Exchange Loss:
Nov 17, 2015