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Viktorya is from Ijevan town. She lives with her husband and 25-year-old son.

Viktorya runs a small shop where she sells various products. Viktorya's husband works as a taxi driver and his income is hardly enough for covering the family’s daily costs.

Realizing that her business of running a shop is very important for the family, Viktorya wants to expand it. She has applied for this loan to purchase food products and provide a larger variety for her clients. 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 Viktorya 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

  • $6,300
    Average annual income
  • 97
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 406.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Viktorya to pay for food products to sell to customers.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Oct 25, 2013
Currency Exchange Loss: