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Anna runs a bakery. She started this business three years ago. She and her husband, Artush, organize the production process with hired workers. Artush also delivers the bread to local shops. In the bakery they produce bread, including the Armenian national bread, lavash (flatbread) and different types of candies.

She wants to purchase raw materials and a stove for the bakery. The development of the business is important for Anna to get additional income, which she plans to invest in the bakery's expansion. She would like to start production of pasta, too. This loan is important for Anna to implement these goals and provide a stable income for her family. Anna lives with her husband and son who is 22 years old.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Anna to pay for raw materials and a stove for the bakery, and also to renovate the bakery.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 5, 2013
Mar 21, 2013
Currency Exchange Loss:
Apr 18, 2015