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Hasmik is engaged in a fruits and vegetables trade. She rents a place in one of Sevan City's shops where she runs her small business. Hasmik’s husband helps her to transfer vegetables and fruits, which she buys in wholesale markets, using his own car. Hasmik has a higher economics education – she is an accountant – and this fact helps Hasmik in her business. During the Soviet period for over 20 years, she worked as an accountant. But after the Soviet system destroyed many enterprises, Hasmik became unemployed. That’s why she decided to run her own business.

Now Hasmik has a lot of clients, and not only from her area in Sevan City. Many people prefer to buy fruits and vegetables from shining Hasmik. She likes her activity and does it with great pleasure, because, as she says, trading is hard but at the same time is a very profitable business.

Hasmik is married and lives with her husband, son, daughter-in-law and two grandchildren in Sevan City. All of them are unemployed and they are engaged in farming. Hasmik is seeking a loan of 1,000,000 Armenian drams to buy a lot of fruits and vegetables for reselling in her shop. This loan will help Hasmik to enlarge her goods assortment and to receive more profit from her trading.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Hasmik to enlarge her goods assortment and to receive more profit from her trading.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 6, 2013
Currency Exchange Loss:
Jun 17, 2014