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Hasmik M. is 56 years old. She lives in the city of Sevan with her husband and son. Hasmik worked as a seamstress for several years, but in 1998 she decided to run her own business. She rented a stall at Sevan agricultural market and organized fruit and vegetable trading, which she manages to this day.

She says her son and her husband have jobs, but she also wants to have her own occupation and help them to keep their family. She always invests part of her income in her business.

Hasmik asks for an 800,000-AMD loan to buy fruit, nuts, and candied fruit to resell. This is Hasmik’s ninth loan from Nor Horizon, and she has never delayed her repayments.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 360.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Hasmik to buy fruit, nuts, and candied fruit to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 29, 2010
Nov 29, 2010
Currency Exchange Loss:
Feb 15, 2012