Check out some available loans that are similar to this one!

Update on Arshak

Arshak continues with his food and household goods trading. Now his wife is working at a women rights protection center as a coordinator and helps her husband to support their family.

With his first Kiva loan, Arshak used it to increase his shop’s assortment of goods. Now he needs a 1.000.000 AMD loan to buy household goods, beverage foods, sausages and confectionery for his shop.

Previous Loan Details

Arshak S. is 35 years old. He lives in Ijevan with his wife and 2 school-age daughters. Arshak’s wife is a housewife. Arshak has had his own business for 16 years. He rents a shop, where he sells food and household goods. With the income from his business Arshak was able to repair his house, buy... More from Arshak'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.

To stay updated on loans from Armenia, please join the Armenia lending team at

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 388.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Arshak to buy household goods, beverage foods, sausages and confectionery for his shop.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jan 19, 2012
Jan 20, 2012
Currency Exchange Loss:
Mar 17, 2014