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Update on Alvard

Alvard is going on with her food and household goods trading business in Ijevan city.

Now she has her own shop, which Alvard and her family were able to construct thanks to their business.

This is Alvard’s fifth loan from Nor Horizon and second loan from Kiva. Alvard spent her first Kiva loan to buy fruits and household goods for her business. Now she needs a $1,000 loan to buy candy, cereals, coffee, tea, canned foods, and various detergents to resell.

Previous Loan Details

Alvard Z. was born in 1966 in Ijevan; she is married and has two children. For about 6 years she lived in Russia, but she returned to her native land and organized a food trading business. In the spring and summer months, she manages a food kiosk where she also sells fruit and vegetables. With th... More from Alvard'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.

To stay updated on loans from Armenia, please join the Armenia lending team at

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
  • $14,833,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alvard to buy candy, cereals, coffee, tea, canned foods, and various detergents to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 28, 2012
Mar 7, 2012
Currency Exchange Loss:
Jun 17, 2013