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Silva is 52 years old and lives in Vanadzor city with her husband. They have a daughter, but she is already married and lives separately with her family. At this moment, Silva lives alone since her husband is abroad in the Russian Federation for work.
Silva has graduated from College of Trade and she has a specialty in commodities. It is more than ten years that Silva has engaged in the clothes trading business where she rents a stall. She sells only women's clothing, such as jeans, blouses, skirts, etc. She brings the clothes for sale from Yerevan wholesale market in a rented car. She says that she already knows what kind of color and fashion clothes the youth prefer.
Silva asks for a loan of 1,000,000 Armenian drams (AMD) to buy a lot of clothes for sale in the coming season, and she wants to buy women's underwear to start selling this also.

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
  • $14,314,150
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Silva to buy a lot of clothes for sale in the coming season, and also to begin selling women's underwear.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 14, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013