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Armine lives in Vanadzor town where she lives with her two children (17 and 22 years old).

Armine earns her family's living by providing cleaning services to different local companies. She works hard to sustain her family and cover its basic needs. Now, by applying for this loan, Armine is asking for financial support to be able to purchase cleaning materials and tools. Armine hopes for lenders' goodwill as her work is very important for her and her family.

She has been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.

Armine hopes for 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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Armine to pay for cleaning materials and tools to provide cleaning services to local companies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 22, 2014
Jan 22, 2014
Currency Exchange Loss:
Feb 20, 2015