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Update on Mikayel

Mikayel was born in and for many years has lived in Yervevan. After graduating from school, he went to the Russian Federation to work abroad. Saving some money, Mikayel decided to return but this time he landed in the village of Bekhi, which is in the Syunik region. Herem living completely alone, Mikayel seriously became engaged in farming. Despite his young age and living alone, Mikayel breeds 25 sheep and 15 goats. Mikayel manages to sell sheep and goat milk, which he milks by himself very handily and easily.

He used his first Kiva loan to buy fodder for his farm animals. Now he is asking for a loan of 700,000 AMD to buy eight milch (dairy) sheep and a lot of animal fodder, since he is seriously thinking of enlarging his farm and become very famous for his sheep and goat milk production.

Previous Loan Details

Mikayel operates his agricultural business in the village of Bekh, located in the Syuniksk region. On his farm, he raises cattle, pigs, sheep, goats and bees, which allows him to produce a large variety of products for sale: beef, pork, mutton, milk, honey, and sheep's wool. Mikayel has many regu... More from Mikayel'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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Mikayel to buy sheep and animal fodder.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Aug 2, 2013
Currency Exchange Loss:
Jan 17, 2016