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Hasmik M. is an economist, and she lives in Ijevan with two sons, a daughter-in-law and a grandchild. Her older son graduated from the Ijevan College and now helps Hasmik in her business. The younger one studies at the Yerevan Police Academy.

Hasmik has her own business which she runs in her private shop where she sells food, flour and animal feed. With the income from her business Hasmik keeps her family and pays for her younger son’s education.

This is Hasmik’s third loan from Nor Horizon and second loan from Kiva. Now Hasmik needs a loan of 1.000.000 AMD to buy flour and fodder to sell.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Hasmik to buy flour and fodder to sell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Mar 11, 2011
Mar 14, 2011
Currency Exchange Loss:
Oct 17, 2013