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Hasmik lives in Kapan city in Syunik region. She has a higher education and she is a marketer by profession. Hasmik is a widow. Her daughter was just three years old when her husband died in a car crash. Since that time Hasmik lives alone with her daughter to whom she devoted all her time, her love and strength in order to bring up a kind, clever and honest person. It is already fourteen years that Hasmik has been engaged in the cloth trading business. She works at the Kapan city wholesale market where she rents a stall and sells womens clothes. Products for her stall she brings from Yerevan once a month. She asks for a loan of 1.000.000 Armenian drams in order to buy a new collection of autumn-winter clothes and enlarge her income.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 409.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,450 helped Hasmik to buy a new autumn-winter clothes collection for her clothes trading business in order to enlarge her income from clothing.
78% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 25, 2013
Currency Exchange Loss: