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Update on Manuk

Manuk lives in Tsovagyugh village in Gegharkunik region. This young farmer, who is at the same time a student (paid division of Yerevan State Economic University, distance learning), is seeking his second loan from Kiva.

He takes care of his farm so carefully and skillfully that he now thinks that he is able to keep and feed more cattle than he has. At the moment his farm has cows, pigs and chickens. He sells a lot of milk, various dairy products and eggs. Unlike other young people he is extremely interested in farming and has great plans connected to it.

Manuk lives with his parents and his brother. He used his first loan to buy 3 cows and is now requesting a loan of 700,000 Armenian drams in order to buy several calves which will make his farm richer and also give him a chance to start selling meat.

Previous Loan Details

Manuk is 22 years old. He lives in Tsovagyugh village in the Sevan area with his parents and his brother. Manuk is studying by correspondence at Yerevan State Economic University, and at the same time Manuk and his family members are engaged in animal breeding. They have a plot of land where they... More from Manuk's previous loan »

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Manuk to buy several calves which will make his farm richer and also give him a chance to start selling meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 27, 2013
Dec 19, 2013
Currency Exchange Loss:
Dec 17, 2014