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Update on Alvard

As Alvard has promised, she has decided to cooperate with Kiva lenders for the second time. (She has also taken loans from Nor Horizon twice.) The first deal with Kiva helped her to buy two bull calves, so she enriched her farm and she was very happy about it.

This time the loan amount is bigger, and her plans are more: She wants to buy three piglets, a calf and a lot of animal fodder in order to pass the winter months safely.

Alvard lives in Kirants village, in the Tavush region of Armenia. She is a widow and she takes care of her farm completely alone, since her children (a son and three daughters) are married and live apart. Alvard simultaneously with farming manages to work at the Ijevan recruitment office as an inspector. Alvard is full of hope and appreciates support from Kiva lenders very much.

Previous Loan Details

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 on... More from Alvard'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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,700 helped Alvard to buy three piglets, a calf and a lot of animal fodder in order to pass the winter months safely.
93% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 13, 2013
Jul 17, 2013
Currency Exchange Loss: