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Varduhi
Varduhi has been involved in retail business for a year already. From a rented store in one of the open local markets, Varduhi has been selling fruits and vegetables. She is married and has a little daughter. This business helps Varduhi assist her husband in sustaining the family.

Now applying for this loan, Varduhi asks financial support for being able to purchase vegetables. 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. This loan is very important for Varduhi to be able to purchase a new stock of vegetables and increase her sales.

Varduhi waits for your 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
  • 101
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Varduhi to pay for vegetables to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014