Total loan: $750
Yerevan, Yerevan, Armenia / Food
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A loan helped to pay for materials and tools needed for her bakery.
Arusyak runs a small bakery in Yerevan. She makes different types of sweets, cakes and bread and sells them locally. As a very hard working mother of a son, she does her best to gather good income. Because of the financial hardships that Arusyak currently faces, it is very difficult for her to purchase needed materials and tools. Therefore, she has decided to ask for this loan. Arusyak has now 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 will be a huge support for Arusyak and for her bakery to continue as her small business.