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Alina
Alina lives in Kapan with her husband and two sons (ages 15 and 3 years old).

Alina's husband teaches at a local school and Alina herself is involved in a retail business. She sells wedding dresses and different goods for wedding parties. Alina has been involved in this retail business for four years already, so she has a number of loyal customers who prefer to use her service.

Alina applied for this loan to be able to purchase a new stock of wedding dresses and supplies for reselling to customers. 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.

The loan is very important for Alina and her small business so she hopes for your 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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 133
    View loans »
    Armenia Loans Fundraising
  • $12,991,375
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,425 helped Alina to pay for a new stock of wedding dresses for reselling to customers.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible