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Lusine is a self-employed woman from Masis. She lives there with her husband and two teenage daughters. Jointly with her husband, Lusine has been engaged in wholesale trade for many years. In particular, they are specialized in selling children's clothing. The family is now planning to expand its business a little bit to improve its financial situation. With a loan of 3,000 USD, Lusine wants to purchase working capital. As this is Lusine's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who did not have access to credit products in the past because they have no credit history.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 147
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Lusine to purchase working capital.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 8, 2014
Jul 18, 2014
Currency Exchange Loss: