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Alvard K. is 50 years old and lives in the city of Vanadzor with her husband and her daughter.

Alvard is a teacher and she worked at kindergarten for a long time. Now, she and her family engage in their own business: flower trading. They have been running this business for five years already and they like it very much.

Alvard asks for a 600,000 AMD loan which will allow her to organize souvenir trading in the same shop. She wants to sell small gifts that can be sold with the flowers.

Part of Alvard's income from the business is spent for the family’s needs and another part she invests in her business. She hopes that souvenir trading will enable her to increase the number of her shop’s clients and thereby she will make a bigger profit in future.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 363.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Alvard to add souvenir trading to her shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 31, 2010
Aug 31, 2010
Currency Exchange Loss:
Mar 15, 2012