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Update on Hasmik

Hasmik is still running her fruits and vegetables trading business. Thanks to her occupation, Hasmik is able to solve a part of her family’s needs. Hasmik used her first Kiva loan to buy various fruits, nuts, and also candied fruits to resell.

In this season, Hasmik makes the main accent on grapes, apples, pears, melon, and watermelon trading. Also, she says that now potatoes are in very popular demand as in this season people buy and stock potatoes for the winter months.

Now Hasmik is asking for a 1,000,000 AMD loan to buy a lot of potatoes and various fruits and berries to resell.

Previous Loan Details

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 thi... More from Hasmik's previous loan »

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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Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 412.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Hasmik to buy a lot of potatoes and various fruits and berries to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 5, 2012
Sep 13, 2012
Currency Exchange Loss:
Oct 17, 2014