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Silvard M. is 51 years old and lives in Sevan city. She is married and has three daughters, two of whom are already married and live separately from their parents, and the third of whom helps Silvard in the family business.

Silvard, her husband and her daughter run a food and household goods trading business to provide for all their needs. Silvard buys merchandise from suppliers and sells them in her private shop. Her daughter helps her in the shop and her husband finds new suppliers. This is Silvard’s second Kiva loan. With her first loan, she was able to organize her household goods trading shop. Now Silvard is requesting a loan of 1,000,000 AMD to buy a New Year’s assortment of candy, beverages and New Year’s decorations to resell.

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
  • 163
    View loans »
    Armenia Loans Fundraising
  • $17,054,825
    Funds lent in using Kiva
  • 360.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Silvard to buy a New Year’s assortment of candy, beverages and New Year’s decorations to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 20, 2010
Dec 29, 2010
Currency Exchange Loss:
Oct 15, 2012