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Update on Serzhik

Serzhik is still running his butcher shop. Now his shop is located in a more crowded place, and thanks to that fact, it is visited by more customers.

Thanks to his business, Serzhik is able to provide for his family. He spent his previous Kiva loan on the purchase of a large lot of meat for his business. Now he needs a 400,000 AMD loan to buy another large lot of beef, pork and also dairy products for his business.

Previous Loan Details

Serzhik was born in 1953 in the city of Baku, where he obtained his secondary education. He moved to Armenia in 1988 and settled in the city of Kapan. Serzhik's wife used to work as a nurse and now is a homemaker, receiving a disability pension. Both of their daughters are married and live sep... 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.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 410.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Serzhik to buy a large lot of beef, pork and dairy products for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 22, 2012
Aug 27, 2012
Currency Exchange Loss:
Sep 17, 2013