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Armine
Armine is from Yerevan town, where she lives with her mother. She works at a local cafe as a singer and by this earns her living. Besides working as a singer, Armine is also involved in sewing. She sews different dresses and sells them to her acquaintances.

Realizing that the sewing business can provide her a stable income, Armine wants to enlarge it. So far she does all her sewing by hand. Since she has no sewing machine, it is very difficult for her to expand her production of dresses. So she has applied for this loan for help.

Armine 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 start-up loans with soft conditions to informal businesses that do not have access to credit. Thus this loan is very important for Armine to enable her to buy a sewing machine and increase her sewing business. Armine waits for lenders' support.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,409,950
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,125 helped Armine to buy a sewing machine and expand her business.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible