Check out some available loans that are similar to this one!
From the village of Ayntap in the Ararat region, Lusine is divorced and lives with her 14-year-old son. Self-employed, she has been engaged in the retail trade of women's clothing and shoes for many years.

Lusine had taken a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to repay it. However, over the course of years of tireless work, she established her own business, which is profitable enough to now cover monthly repayments.

Lusine wants to expand her business a little bit and has been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The second-chance loan program provides loans to people who have a bad credit history behind them and have no access to credit products. With the loan's help, she is planning to buy clothes for resale.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    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 clothes for resale.
58% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 30, 2014
Jul 19, 2014
Currency Exchange Loss: