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Update on Rubik

Rubik is very happy to have a deal with Kiva lenders for the second time, since his first cooperation with them has brought decent income to his farm and to his family budget, as well (he bought fodder for his farm animals and also potato seedlings and fertilizer in advance of sowing).

Rubik lives with his family in Ddmashen village, in the Gegharkunik region. Since Rubik has enlarged the number of his farm animals (cows, calves, sheep and chickens), the barn where he used to keep his farm cattle has become very narrow and small, so it needs to be enlarged. Rubik also is very skilled in potato cultivation, which he manages to sell at the local wholesale market. He also sells meat to butchers' shops.

So, Rubik asks for a loan of AMD 1,000,000 (Armenian drams) in order to enlarge his animal barn and to buy a calf and a lot of animal fodder.

Previous Loan Details

Rubik has been engaged in animal breeding and land cultivation for twenty years. On his farm he rears cows, calves, sheep and chickens. Also he grows potatoes and wheat on his own plot of land. He sells the dairy products he produces, potatoes and wheat at food markets, and sells meat to butcher’... More from Rubik'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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Rubik to enlarge his animal barn and to buy a calf and a lot of animal fodder.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 10, 2013
Currency Exchange Loss:
Sep 17, 2015