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Gayane has been a speech therapist for 5 years and lives with her husband and two school-aged children, 11 and 7. She works with children who have disabilities and need specialists like her to maintain communication with the outside world. She holds lessons at her house, which is located in Metsamor, Armavir. Due to her kind and professional attitude toward children, she is known in her town as a good specialist. With great care, she teaches children who can't communicate with people or can't pronounce words correctly.

Gayane requested a loan from local financial institutions several times to purchase supplies she needs for her work, but without any success. Her loan requests were rejected every time because her business isn't registered as a formal business. Gayane has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides informal businesses that do not have access to credit products with start-up loans with soft conditions. This new initiative will significantly improve Gayane's teaching conditions, as she will be able to purchase technical supplies for kids (computer, clipboard).

Gayane will be very grateful to Kiva lenders for their support. The loan is important for her to improve her work, which is very important to society.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 410.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Gayane to pay for technical supplies to teach children with disabilities.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Aug 12, 2013
Currency Exchange Loss:
Jun 17, 2014