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Hripsime lives in Gyumri town with her parents and sister-in-law. Hripsime's brother is a migrant worker in a neighboring country and works hard to support his family financially.

Hripsime herself runs a small design shop in the center of Gyumri town. She trades with a big variety of flowers and designing accessories. Hripsime is an enthusiastic and hard-working girl who does her best to support her family's living. The requested loan is very important for Hripsime to purchase supplies (flowers, design accessories) needed for her shop. 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.

Please help this young girl to continue her small business.

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
  • 412.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Hripsime to pay for supplies (flowers, design accessories) needed for her shop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 29, 2014
Jun 14, 2014
Currency Exchange Loss:
Jul 17, 2015