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Alvard lives in Kirants village, in the Tavush region of Armenia, where she earns a living by breeding cows, pigs and chickens. She also grows wheat, fruits and vegetables and sells cheese, eggs and wheat from her house to her regular customers. Because her garden is small, she is able to sell only a limited amount of produce. Alvard lives and runs her farm alone, because her husband has passed away and her four children (a son and three daughters) are married and live on their own. Thanks to her hard work, she is able to support herself, provide her children’s families with fresh agricultural products, organize their weddings and buy a car for her son. She is requesting a loan for 600,000 Armenian drams to expand her livestock herd by buying some bull-calves. She believes these new animals will allow her to increase her income.

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.

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About Armenia

  • $6,300
    Average annual income
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 414.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Alvard to expand a livestock herd by buying some bull-calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 8, 2012
Jun 18, 2012
Currency Exchange Loss:
Jul 17, 2013