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Ani
Ani is from Vanadzor town, where she lives with her husband and two-year-old daughter. She has been re-selling clothing for two years already. Ani purchases clothing from the city market and resells it to the neighboring villages. The income that she gathers from this business helps her to cover the family's daily costs. By applying for this loan, Ani asks for financial support to be able to purchase new stock of clothing to sell to customers.

She 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. The loan is very important for Ani, and she hopes 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.

About Armenia

  • $6,400
    Average annual income
  • 99
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 406.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Ani to pay for new stock of clothing to sell to customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014