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Update on Silvard

Silvard and her family run a food and household goods trading business. Thanks to Silvard’s business her family is able to take care of themselves.
Recently Silvard has bought a car, which her family uses for their business needs. Now they are buying merchandise for their business from suppliers. They are also able to bring merchandise from wholesale markets without assistance now. This fact allows Silvard to cut down on her business expenses.
Sivrad used her previous Kiva loan to increase her shop inventory ahead of the New Year’s holidays.

This is Silvard’s third loan from Kiva. Now she is seeking for a 1.000.000 AMD loan to buy a lot of canned products and household goods to resell before the winter comes.

Previous Loan Details

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 t... More from Silvard's previous loan »

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.

To stay updated on loans from Armenia, please join the Armenia lending team at

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 407.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Silvard to buy canned products and household goods to resell ahead of the coming winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 20, 2012
Sep 30, 2012
Currency Exchange Loss:
Feb 17, 2014