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Nektar
Nektar is from Gyumri town where she lives with husband and two children. Nektar is a teacher with 6 years of experience teaching at a local school. Nektar also provides individual classes for the children at her house. Now, to be able to purchase chairs, a table and books, Nektar is asking for this loan. The loan is very important for her to be able to provide better conditions for her students.

Nektar 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 will greatly assist this hard-working teacher 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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $12,373,675
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Nektar to pay for chairs, a table and books.
76% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible