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Hasmik
Hasmik is involved in sewing activities. She has eight years of experience in this field and due to her hard work is receiving a lot of orders. She specializes in sewing bedding sets for babies and does it with great love and care.

Now Hasmik is applying for this loan because she needs financial support for purchasing materials that she needs for sewing. Hasmik 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. Hasmik will be grateful to lenders for their 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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 179
    View loans »
    Armenia Loans Fundraising
  • $13,240,200
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hasmik to pay for materials for sewing bedding sets for babies.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014