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Update on Maro

Maro, being already greatly supported by Kiva lenders, has decided to ask for a second loan. This time she has decided to increase the number of her farm animals and she asks for a loan of 900,000 Armenian drams in order to buy several bulls and sheep.

As she used to, Maro lives with her family in the village of Shishkert, which is in the Syunik region. She has two daughters and both of them are employed. Fortunately Maro’s husband continues to help her in farming and agriculture and together they perfectly manage to breed their farm animals: cows, calves and chickens. Together they also organize the sale of the harvest from their plot of land and their farm products as well at their city wholesale market: potatoes, different vegetables, sweet and tasty fruits, milk (dairy-products), meat, eggs, etc.

Previous Loan Details

Maro has been in the agriculture business for 20 years. In the village of Shishkert, Syuniksk region, Maro raises cattle and chickens, and grows potatoes and apples for sale. She sells the apples, potatoes, beef, milk and eggs in the cities of Kapan and Kadzharan, where there is always high deman... More from Maro'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Maro to buy several bulls and sheep in order to increase the number of her farm animals.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 3, 2013
Currency Exchange Loss:
May 17, 2015