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Haykanush is from Vanadzor town. Her husband currently is in Russia and works to support his family's living.

In order to tackle financial hardships, Haykanush got involved in a retail business two years ago. Near the house where she and her daughter live, Haykanush sells vegetables. The income from this activity helps Haykanush to cover basic costs and it is very important for her.

Haykanush asks a loan to purchase vegetables and resell them to locals. 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 will be a great help for Haykanush and she will be very grateful for the good will of lenders.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    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 $750 helped Haykanush to buy vegetables for reselling.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 1, 2013
Nov 1, 2013
Currency Exchange Loss: