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Update on Gagik

Gagik once liked the deal with Kiva lenders and for the second time he wants to take a loan. He lives in the village Getahovit which is in the Tavush region. His two sons are already grown up and the elder is fulfilling his military service with the army. As Gagik used to, he is still doing cargo transfers; he has a truck that he uses to carry cargo for individual and contract orders, but farming and agriculture still brings the main part of income for his family. In his nice farm he has six cows, two calves, five piglets, twenty chickens and large nice orchard. Gagik sells very tasty cheese made of his own, milk, meat and different dairy products and also fruits from his garden. All these are results of Gagik’s and his wife’s devoted work with great hope, this time to have more profit than the previous time.
For his second loan Gagik asks a loan of 1.100.000 Armenian drams in order to buy a cow, two bulls, several piglets and a lot of animal fodder.

Previous Loan Details

Gagik was born in 1972 in Getahovit village in the Tavush area. After serving in the Armenian Army, Gagik married, and he now he has two school-aged sons. Since 1995, Gagik has engaged in cattle breeding and gardening. At his farm, Gagik is rearing two cows and two calves. In his garden he gr... More from Gagik's previous loan »

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Gagik to buy a cow, two bulls, several piglets and a lot of animal fodder.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 11, 2013
Dec 4, 2013
Currency Exchange Loss:
Sep 17, 2015