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Silva has run an agricultural business in Getahovit village, Tavush region about 17 years. She breeds cows and pigs, grows fruits and vegetables, and runs a bee-keeping operation. Her business produces milk, cheese and butter, as well as fruits and vegetables. This provides for her family but volume from these agricultural products is small. Silva also sells piglets and produces honey which allows her to meet most of her family’s needs. With income from her occupation Silva was able to buy furniture for her house, pay for her children’s education, and pay for her younger son’s wedding.
Silva is married and she has two sons. Silva’s husband works as a forester and helps his wife in her agricultural business. Silva’s sons and her younger son’s family also live with Silva and they also help her with farming.
Silva needs an 800.000 Armenian dram loan to buy three calves and to construct five new beehives. The calves will allow Silva to produce dairy products for future sales. Silva and her husband will displace young bees in the five new beehives to increase their bee families in the near 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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 392.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Silva to buy three calves and to construct five new beehives.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 27, 2012
Apr 30, 2012
Currency Exchange Loss:
Sep 15, 2012