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Alvard, age 58, earns an income from engaging in a combination of animal agriculture and farming. She owns a plot of land where she keeps her farm animals - specifically four cows, two bulls, two heifers, 10 sheep, and five lambs. She earns a small additional income by working as a cook at the kindergarten in Tsovagyugh, the local village.

Like many other families in their village, Alvard’s husband is earning a small income abroad as a worker in the Russian Federation. By supplementing the farm income with his earnings, he tries to improve the family’s poor living conditions. One of their sons helps Alvard with the farming; he also manages to earn a little extra money by working during holiday seasons in the coastal area of beautiful lake Sevan.

Alvard is confident that she can manage any hard work, especially if there is the possibility of additional support and help. She has made the decision to request a loan from Kiva lenders in the amount of 600,000 Armenian drams in order to buy two cows and some sheep.

This will be Alvard's second loan from Nor Horizon and she is considered a very responsible and trustworthy client.

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

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Alvard to buy two cows and some sheep.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 24, 2013
Currency Exchange Loss:
Jul 17, 2014