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Silva has a specialty of being a nurse, since she graduated Kapan Medical College. For several years, she worked at the polyclinics as a nurse, but she became a widow, and the care of three children (two daughters and a son) was her duty. She decided to establish her business in order to provide for her children properly, with the hope that all the hardships were just temporary, and when her children grew up, they would also become employed and their financial problems would become less.

Since 1995 she has been running her clothes trading business in the Kapan city wholesale market in Syunik region. She rents a stall where she sells a great assortment of men's, women's and children's clothes, slippers and underwear. Her stall merchandise she brings from Yerevan wholesale market in a rented car once in a month. In all, she is satisfied with her business income, which helps her to sustain her family's needs. Her two daughters are already married, and her son works now at the military unit and also helps his mother in her business.

Silva asks for a loan since she wants to buy spring season clothes for her stall, since they are already in great demand after a long and cold winter, which made people tired of wearing thick and heavy clothes.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 413.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Silva to buy spring season clothes for her stall.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 18, 2014
Apr 3, 2014
Currency Exchange Loss:
Jul 17, 2015