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Shushanik sells shoes in a rented booth at the city market.

Shushanik dreams of renovating her house and providing necessary education for her growing sons. For these reasons, she plans to increase the variety of shoes she sells and further develop her business. With the requested loan Shushanik plans to purchase more shoes to sell. Additional income will help Shushanik to ensure a sustainable future for her family.

Shushanik lives with her husband, pensioner father-in-law, and two sons.

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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Shushanik to buy shoes to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 7, 2011
Sep 1, 2011
Currency Exchange Loss:
Aug 17, 2013