Check out some available loans that are similar to this one!

Update on Alvard

Alvard is 47 years old, and she lives alone in the small city of Ijevan. Alvard has her own business. For several years, Alvard lived in the Russian Federation, where she was engaged in retail trading. After earning enough money, she returned to her motherland and started her own business. At first it was a small food kiosk, and after the passing of time, she managed to buy a plot of land and to build her own shop. Her shop is very comfortable, clean, and not very expensive; it is much-visited daily. In her shop, she sells candies, baked goods, dairy products, and some household products.

Alvard has two grown-up children; both her daughter and son are married and live separately with their families. This is Alvard’s third loan from Kiva and she has already taken out five loans from Nor Horizon. Alvard hopes very much that she will be supported by Kiva lenders again, since she needs 1,500 US dollars to buy a lot of food and household products for her shop.

Previous Loan Details

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 ... 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
  • 132
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Alvard to buy a lot of food and household products for her shop.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 24, 2013
Currency Exchange Loss:
Jun 17, 2014