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Laura is a private entrepreneur from the Miasnikyan village of Armavir region. She lives with her son and her school-age daughter.

It's already more than 8 years since she runs a local store, where she sells grocery products and household goods. To be able to continue running her business in a sustainable way, Laura needs a loan of USD 2,500 to purchase new goods to resell in her store. The latter will help her to become more competitve.

She has already taken a loan from a local financial institution, but unfortunately wasn't able to repay it back. However, thanks to her hard work during the recent times, Laura has been able to run her business in a sustainable way, ensuring that she will be able to cover the monthly payments.

So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products.

Laura and her family will be thankful to all the lenders for helping them to maintain and develop their small business.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 92
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Laura to purchase new goods to resell in her store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 23, 2013
Currency Exchange Loss:
Jan 17, 2014