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Hasmik is 23 years old. She has a higher education, having graduated from Vanadzor State Pedagogical Institute in the field of Russian Language and Literature. Hasmik lives with her mother and auntie, in Vanadzor city. After graduation, Hasmik started to work as a cashier in one of Vanadzor’s supermarkets.

As her salary is too low, Hasmik decided to organize individual courses of Russian Language in her house for students. She helps students to prepare for their Universities' exams, and to prepare their diploma work. Hasmik said she teaches students with great pleasure, and it is more profitable than her salary as a cashier.

Hasmik needs a loan from Kiva. She wants to buy a computer and a printer, in order to organize the individual courses she offers more effectively and usefully.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,094,100
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Hasmik to buy a computer and a printer for use in her home-based business teaching Russian Language to students.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 11, 2013
May 16, 2013
Currency Exchange Loss:
May 17, 2015