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Hasmik is 53 years old, and she lives in Sevan. Hasmik is married, and has a daughter who is married and lives separately with her family. Hasmik’s husband has a truck used for paid shipping around their city. For many years, Hasmik has worked as a librarian in their city library, but their family needs have made her be involved in clothing retail and trading.

Hasmik has rented a small stall not very far from the city center, and there she sells baby and teen clothes, towels, shoes, slippers, and trunks. Hasmik mainly brings all the products needed for her stall from Yerevan wholesale markets. Hasmik’s husband helps her very much since his truck is very convenient for bringing a lot products from Yerevan, and she doesn't need to pay for transportation.

Hasmik wants to expand the product range in her stall, and she asks for a loan of 850,000 Armenian drams to buy a lot of summer and winter season baby clothes, teen clothes, and warm winter boots. She hopes very much that support from Kiva lenders will bring a decent profit.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Hasmik to buy a lot of summer and winter season baby clothes, teen clothes, and warm winter boots.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 24, 2013
Currency Exchange Loss:
Jun 17, 2015