Alvard is 54 years old and lives in Vanadzor City with her husband and son. She has also a daughter who is married and lives separately from her parents. Her son is a promising student at State Regional College of Lori. Alvard pays for her son's tuition and meets her family's needs with the profit from her trading.
Alvard needs loan of 250,000 Armenian drams to increase her shop's inventory. Thus Kiva lenders not only can help Alvard to enlarge business, but also can help a number of citizens of Vanadzor city, who don't have the opportunity to go to big supermarkets to buy necessary goods. Shopping at Alvard's shop is very accessible and easy for them.
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.
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Success!! The loan was 100% repaid