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Update on Kaghtsrik

Kaghtsrik is 29 years old and the mother of three children. Her family includes her parents-in-law and her husband, who does construction work in the Russian Federation. Kaghtsrik has a vocational education and also passed some courses in hairdressing. Since her marriage, she has been engaged in agriculture in the village Tsovazard, which is in the Gegharkunik region. This would be her second loan from Kiva, which she greatly hopes to receive. She successfully used the first loan to purchase animal fodder for the winter season. On her farm she has two cows, two calves, and 15 sheep. She sells dairy products and meat and also some vegetables that she cultivates on her plot of land.
Kaghtsrik dreams of having a large and productive farm which will bring in so much profit that her husband will never again have to travel far in order to earn more money. She will be greatly touched and pleased if supported by Kiva lenders for the second time. This time the loan amount will be used to buy a cow and fodder for her farm cattle.

Previous Loan Details

This young woman with the so nice name of Kaghtsrik (it means 'Sweety'), lives in the small village of Tsovazard, which is in the Gegharkunik region. She is 28 years old and married. Her family is big -- she lives with her mother-in-law and father-in–law (who is a stockbreeder in their village), ... More from Kaghtsrik'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

  • $6,400
    Average annual income
  • 160
    View loans »
    Armenia Loans Fundraising
  • $13,185,300
    Funds lent in using Kiva
  • 413.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Kaghtsrik to buy a cow and fodder for her farm cattle.
44% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 8, 2014
May 6, 2014
Currency Exchange Loss: