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Natella
Natella lives in the town of Yeghegnadzor with her husband, mother-in-law and two school-age children. She bakes cakes and sells them at local markets. Natella is a very hardworking woman and over years of tireless work she developed contracts with some shops who also sell her cakes.

Natella now needs financial support to purchase an oven and other baking equipment. 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 Natella, 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
  • 105
    View loans »
    Armenia Loans Fundraising
  • $12,432,975
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Natella to pay for an oven and other equipment for baking cakes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014