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Lilit is from Vanadzor town, where she lives with her husband and mother-in-law. Over past two years, Lilit has been involved in retailing cosmetics. Lilit purchases cosmetics from Yerevan town's markets, and resells them in her town. She gathers income, which is very important for helping her husband to sustain the family. Due to her hard work, Lilit currently has a big number of customers. She works hard to meet their needs and provide good-quality products to them.

Now, for being able to purchase a new stock of perfumes and sell them to customers, Lilit needs financial support. She has 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.

This loan is very important, to enable Lilit to meet her customers' needs and to earn more income.

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
  • 97
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Lilit to pay for perfumes to sell to her customers.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 18, 2013
Currency Exchange Loss: