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Syuzanna
Syuzanna lives in Goris with her parents. For two years she has been involved in selling clothing and accessories. Syuzanna purchases items from nearby retail markets and sells them in her town. Due to her hard work, Syuzanna gained a good number of customers.

Now, the number of orders has increased because of the coming holidays, and Syuzanna isn't able to satisfy current demand. She requests this loan to be able to purchase more stock to sell to her clients.

Syuzanna has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF. The start-up loan program provides business loans with soft conditions to informal businesses that do not have access to credit. The loan will greatly assist this young lady to increase sales and earn a higher income for her parents.

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Syuzanna to pay for clothing to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014