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Alvard is 51 years old and lives in Aralez village, which is in the Ararat region. Alvard has three children. She lives with her younger son, daughter-in-law and grandchild. Alvard has a higher education; she graduated from State Armenian Pedagogical University. For more than 30 years, Alvard has worked as a teacher in her village school. She has a good reputation as a teacher and many students. But as her teacher’s salary is not high, Alvard at the same time is engaged in farming and an agricultural business. Alvard breeds cows and sheep, and she has a plot of land near her house where she grows potatoes, tomatoes, cucumbers, etc. The products from agriculture, Alvard and her husband sell in the regional fruit markets and Yerevan wholesale markets. The income from agriculture allows Alvard to meet her big family's needs.

Alvard decided to enlarge her fruit garden and to establish a new apple orchard in her plot of land. For this purpose, she asks from Kiva lenders a loan of 2,000 U.S. dollars. This deal will help Alvard to have a new apple garden, and after few years, she hopes to receive a good harvest from her new garden.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,109,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Alvard to establish a new apple orchard in her plot of land.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 26, 2013
May 27, 2013
Currency Exchange Loss:
Nov 17, 2014