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Araqsi lives with her husband in Masis town. Last year, Araqsi started to provide designing services to locals. She makes table designs for different ceremonies such as birthdays, weddings, and baptisms. Due to Araqsi's hard work, customers value her work much. Together with her designing service, Araqsi is working at a local kindergarten as a tutor. The income that she gets is very important to cover her family's basic costs. Now, because of difficult financial conditions, Araqsi isn't able to purchase materials to provide designs for new orders that she currently has. Araqsi is asking for this loan and 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 Araqsi and she will be very grateful to all 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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Araqsi to pay for needed materials to make table decorations.
87% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 10, 2013
Currency Exchange Loss: