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Silvard M. lives in Sevan with her husband and two daughters. She and her family run their own business in a private shop. They sell food, and every month they make approximately $970 in income from their business. With the profit from this business Silvard’s family fills all of their needs. Silvard needs a loan of 600.000 AMD to buy a New Year’s assortment of candy and beverages. With her future income she intends to add household goods to her store.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 383.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Silvard to buy candy and beverages for New Years.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2009
Dec 16, 2009
Currency Exchange Loss:
Jan 15, 2011