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Gayane runs a grocery shop. She has applied for this loan to purchase food for her shop. Gayane has already applied to SEF for a loan, which helped her to purchase goods for the shop and increase the sales. Gayane's previous loan was also posted on the KIVA website. Gayane has successfully paid off the previous loan and now needs to take out a new one. The main income Gayane gets currently helps her to cover the family's costs, but it doesn't let her to make savings and invest in the business. This made Gayane to apply for a loan again. This loan will help Gayane to develop her business further.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gayane to pay for food.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 18, 2012
Feb 1, 2012
Currency Exchange Loss:
Dec 20, 2013