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Alvard is an accountant. For many years she worked in many enterprises, but after becoming jobless she launched her own business. She started reselling foodstuffs and household goods, and she has been doing this for more than five years. She obtains the merchandise for trading from suppliers and resells them in separate location, in her house. Alvard has many clients from Vanadzor and her business is going well.

Alvard is 54 years old and lives in Vanadzor City with her husband and son. She has also a daughter who is married and lives separately from her parents. Her son is a promising student at State Regional College of Lori. Alvard pays for her son's tuition and meets her family's needs with the profit from her trading.

Alvard needs loan of 250,000 Armenian drams to increase her shop's inventory. Thus Kiva lenders not only can help Alvard to enlarge business, but also can help a number of citizens of Vanadzor city, who don't have the opportunity to go to big supermarkets to buy necessary goods. Shopping at Alvard's shop is very accessible and easy for them.

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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 406.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Alvard to increase the number of her shop's food and household goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 14, 2013
Currency Exchange Loss:
Mar 17, 2014