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Update on Belina

Belina is 62 years old and she lives in the village of Khashtarak, which is in Ijevan region. She is a widow. She has four children. Her three daughters are married and they live with their families. Her son is also married (he has three children) and he lives with her.

For many years, Belina has worked at the tobacco plants, the leaves of which she has gathered and sorted. Now, she works at the Ijevan city Mineral Water factory, as a worker.

Belina is also engaged in farming, in which her son helps her very much. On her farm, Belina has 20 chickens and two pigs which are going to have piglets. She also has some plans to increase the number of her farm cattle.

Belina asks for a loan of AMD 1,100,000 (Armenian drams) in order to buy three calves and a lot of animal fodder.

Previous Loan Details

Belina M. is 59 years old, widowed, and has four adult children. She lives in Khashtarak village in the area of Ijevan. Since 1988 Belina has worked at a mineral water factory. She also runs a farm. Her son and her grandchildren help her in this hard work raising cows, pigs, and chickens and gr... More from Belina'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
  • 149
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,725 helped Belina to buy three calves and a lot of animal fodder.
70% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 10, 2013
Nov 8, 2013
Currency Exchange Loss: