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Heghine is from Gyumri town, where she lives with her husband, her mother-in-law, and two school-aged children. Heghine has been teaching at a local school for six years. She is also providing overtime classes, at her house. Due to her hard work and nice attitude toward her children, Heghine has eight groups of children who are attending the supplemental classes that she provides.

Unfortunately, the living conditions of the family don't allow Heghine to provide appropriate conditions for her students. She needs this loan for purchasing chairs, a table, a printer and a scanner. These things will help her provide better conditions for her students. 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, to enable Heghine to purchase the products she needs and provide better learning conditions for her students.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Heghine to pay for chairs, a table, a printer and a scanner, to use in providing education to children at her home.
82% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 6, 2013
Currency Exchange Loss: