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Anush lives in Goris town, with her husband and two school-aged children. She works at Vorotan village school, which is 15 km away from Goris town. Together with her work at school, Anush also trades in clothing. She purchases clothing and resells it at Vorotan village, after her work in school. For tackling financial hardships, Anush works hard to help her husband and sustain their family.

Anush has now applied for this loan. She will use it to purchase new clothing, for reselling to customers. Realizing how the retail business helps her family, this loan is very important for Anush.

She has 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. Anush will be very thankful to lenders for their support and goodwill.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Anush to pay for new clothing for reselling to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 23, 2013
Jan 20, 2014
Currency Exchange Loss:
Jun 17, 2015