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Naira is from Goris where she lives with her husband. Naira has been selling flowers in Goris town for many years. From a small rented store in the center of the town, Naira provides beautiful and fresh flowers to locals every day. She works hard to provide high quality service and her clients value the work that she does. Naira now needs financial support to be able to purchase new flower seeds and flowers to sell. Because of many costs, she isn't able to do it by herself and that's the reason she asks for this loan.

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's further work 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

  • $6,300
    Average annual income
  • 133
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Naira to pay for new flower seeds and flowers for selling to customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 28, 2013
Jan 10, 2014
Currency Exchange Loss:
Apr 16, 2014