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Update on Davit

This will be Davit’s second loan from Kiva and here as well as in Nor Horizon he is known as a very responsible client. Davit and his family live in the village Zovaber which is in Gegharkunuk region. His two children are still school-aged. Davit and his wife continue their farming activities and are very happy to provide their family with its income. They breed cows, pigs, sheep and chickens.

The last loan's aim was the purchase of several cows and animal fodder, and they managed to use the loan to that purpose. This time Davit has plans to buy several piglets and again animal fodder for the winter months and he is asking for a loan of 1,000,000 Armenian drams for that purchase. He says that he feels calm and safe as he knows that he can rely on Kiva lenders’ support if he has any new plans connected with his farm.

Previous Loan Details

Davit, a farmer since 1998, was born in 1975 and lives in the village of Zovaber, in the area of Sevan, with his wife, son and daughter. His children study at school, and his wife helps Davit in farming. On their farm Davit and his wife breed cows, pigs, sheep and chickens, activities that e... More from Davit'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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD
A loan of $2,450 helped Davit to buy several piglets and animal fodder for the winter months.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 1, 2013
Aug 6, 2013
Currency Exchange Loss:
Sep 5, 2013