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Silva
Silva B. lives in Yerevan with her husband, a son, a daughter-in-law, and a grandchild.

For about 7 years Silva has been engaged in trading women's clothing. On weekdays she trades clothes in a rented place in “Surmalu” market, and on weekends at night she runs her business in “Hrazdan” market (where villagers come for wholesale purchases to resell).

At her stalls she sells tracksuits, dressing gowns, and house suits, which she purchases from Syria and Turkey twice a month.

Silva's husband helps her a lot at her business, and they support their family and their son's young family, because Silva's son is a singer and he doesn't earn a lot of money yet.

Silva intends to use part of her business profit to purchase merchandise from China in the future, as it is more profitable (Silva says in China clothes are cheaper than in Syria and Turkey).

Silva is asking for a $2,500 loan to buy a new assortment for her business: blouses, sweaters, etc.

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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About Armenia

  • $6,400
    Average annual income
  • 127
    View loans »
    Armenia Loans Fundraising
  • $13,556,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Silva to buy blouses and sweaters for resale.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2010
Listed
Nov 9, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012