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Naira
Naira is from Kapan, where she lives with her husband and two children. For the past eight years, Naira has been making Armenian bread called "lavash". She bakes “lavash” in one of the local bakeries and due to its great taste, it is in very high demand among locals.

Naira now asks for financial support to be able to purchase equipment for rolling the dough. This will make her work more efficient and Naira will be able to increase the production of bread. Naira 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 Naira and she hopes for lenders' 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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Naira to pay for equipment to roll dough.
61% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible