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Klara has been trading in cosmetics for two years already. She purchases cosmetics and other beauty care products from nearby markets and resells them to her customers. Due to the fact that she is very kind and hardworking, Klara has gained a good client base that prefers to order cosmetics and perfumes only from Klara. She lives with her father and 7-year-old child. Her father is a teacher, but the main income of the family comes from Klaras’ retail business.
To be able to increase the turnover and complete more orders, Klara has applied to SEF for financial support. She asks for this loan to be able to purchase a new stock of cosmetics and perfumes to increase sales. 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.
The loan will be a huge help for this hard working young woman to continue running her small business and ensure better living conditions for her family.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Klara to purchase new stock of cosmetics and perfumes.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 17, 2013
Dec 25, 2013
Currency Exchange Loss: