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Mariam
Since 2010, Mariam has been trading women’s clothing and underwear from her house in Armavir town. She lives with her husband, mother-in-law and son. Mariam purchases inventory for sale from Yerevan and sells it in her town. Over these three years of hard work, Mariam has managed to gain many customers, who prefer to purchase clothing and other products from Mariam only.

Now, in order to create comfortable conditions and meet her clients' needs, Mariam needs financial support to buy new supplies. Mariam has requested a loan from local financial institutions several times but without any success. Her loan requests are rejected every time because her business isn't registered as a formal business. Mariam 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 business start-up loans with soft conditions to informal businesses that do not have access to credit products.

Mariam hopes that Kiva lenders will help her to continue her small business which brings income to her family.

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

  • $6,400
    Average annual income
  • 87
    View loans »
    Armenia Loans Fundraising
  • $12,645,800
    Funds lent in using Kiva
  • 410.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Mariam to buy new women's clothing and underwear to sell to customers.
75% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 12, 2013
Currency Exchange Loss:
Possible