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Lusine M. has a bakery where she prepares delicious local pastries and cakes, as well as some dishes. Part of the bakery serves as a shop. Lusine’s freshly baked produce attracts more and more customers. Four people are employed at the bakery, including Lusine’s husband who delivers the pastries.

To keep up with the proven basic items, as well as with growing customer demands, it is very important for Lusine to purchase a new oven and some machinery for the bakery. The profit from the bakery is the main source of income for Lusine’s family, with two children studying at University and Lusine’s husband’s retired parents who share the same household.

Additional Information

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
  • 140
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Lusine a new oven and some machinery.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 25, 2011
Feb 13, 2011
Currency Exchange Loss:
Mar 15, 2012