Check out some available loans that are similar to this one!
Lilit is from the town of Spitak. She lives with her sisters' children as they have no family here. Lilit takes care of the kids by herself and works hard to sustain their living. To tackle their financial hardships, Lilit has been selling clothing for the past 3 years. She purchases clothing from a neighboring country and resells it from her home. Thanks to her hard work, Lilit manages to cover her family's basic needs and provide her cousins with appropriate living conditions.

To enable her to purchase new stocks of clothing for resale, Lilit needs financial support. She 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 loans with soft conditions to informal businesses that do not have access to credit products. The loan is very important for Lilit, and she hopes that lenders will support her in her retail business.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    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 $750 helped Lilit to pay for new stocks of clothing for resale.
94% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 23, 2013
Currency Exchange Loss: