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Knarik K. is a widow and lives with her two daughters, one of whom is a student and the other helps her mother running the business. Life conditions brought Knarik to be engaged in this business. It has been seven years that she has been selling men’s clothing. Knarik’s customers like her for her kindness, consideration and the clothing she offers.

Currently, Knarik needs to expand her business by purchasing new inventory, for which she has applied for this loan.

Additional Information

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.

About Armenia

  • $6,300
    Average annual income
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Knarik purchasing new inventory.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2010
Nov 1, 2010
Currency Exchange Loss:
Aug 20, 2012