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Update on Serzhik

Serzhik was born 1983 in the village in the Syunik region. He has a high school education and is working at the Kapan road-building management. Serzhik is married and has two daughters - three and two years old.

He has been engaged in agricultural business for almost seven years and owns the land where they grow vegetables. In addition, he has cattle, pigs, and 14 bee hives. Together with his wife, they sell vegetables from the garden in the markets of Syunik as well as meat, milk and honey that wholesalers purchase from his home.

Serzhik received a loan from Kiva and it paid off ahead of schedule. Thanks to the loan, he added the number of bee hives and got a big profit from the sale of honey. He is asking for a loan for 700,000 drams for the purchase of feed for pigs in the winter and to buy new hives.
View original language description ↓
Сержик родился 1983г. в селе Н.Анд(N.Hand) Сюникской области. Имеет среднее образование.В данный момент работает в Капанской Дорожно-ремонтном управлении . Сержик женат и имеет двух дочерей - трех и двух лет.
Сельскохозяйственным бизнесом занимается почти 7 лет и имеет в деревне Н.Анд собственый земельный участок где выращивает овощи. Кроме того у него есть крупно рогатый скот, свиньи ,пчелы(14 улей).Сержику в хозяйстве помогает его жена .Вместе с женой он реализует овощи из огорода на рынках Сюникской области а мясо, молоко и мед у него покупают постоянные скупщики прямо из дома .
Сержик получал кредит от Kiva и раньше срока погасил его. Благодаря кредиту он добавил количество пчелиных улей и получил большой прибыль от продажи меда.
Сержику нужен кредит 700.000 армянских драмов, для покупки корма для свиней на зиму и для покупки новых улей.

Previous Loan Details

Serzhik was born in 1983 in Hand village, Syunik marz. He works as a machine operator and, at the same time, he has done farming for over 7 years. On his farm he has 2 cows, 2 pigs and 10 bee hives. Also, Serzhik grows oats as fodder for his farm animals. His wife takes care of their two little... More from Serzhik'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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 377.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Serzhik to buy feed for the pigs and add the number of bee hives.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Oct 24, 2011
Oct 26, 2011
Currency Exchange Loss:
Sep 17, 2013