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Update on Baghdasar

Baghdasar and his family live in the village, Geghamavan, which is in the Gegharkunik region. He has three nice children, two sons and a daughter. Baghdasar and his wife are devoted farmers and they perfectly manage their agricultural activities.

On their farm they keep five cows, three calves, two bulls and twenty chickens. They work hard, and the milk that the cows give is of very high quality. They manage to deliver it to different points in neighboring villages, where various dairy product companies accept it in big wholesale quantities. They also cultivate potatoes, greens and beans.

Baghdasar has taken loans from Nor Horizon eight times, and once from Kiva, so he has become very responsible and a good client. This time he is asking for a loan of 900,000 Armenian drams to buy a lot of animal fodder for the winter season and two calves in order to enlarge his animal breeding business.

Previous Loan Details

Baghdasar is forty years old and lives in the village of Geghamavan, Sevanskaya region, with his wife and three children. Baghdasar's oldest son is a freshman at Sevanskii college, his youngest son and daughter attend middle school. After receiving his primary education, Baghdasar began breeding ... More from Baghdasar'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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Baghdasar to buy a lot of animal fodder for the winter season and buy two calves in order to enlarge his animal breeding business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 12, 2013
Jul 18, 2013
Currency Exchange Loss:
Nov 17, 2014