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Gyulnara is trading in women’s clothing from a rented booth in one of the city’s markets. She would like to develop her business through refreshing the clothing stock.

With the loan’s help, she will be able to continue doing her business successfully. The income from this retail business is the main source of income for her and her pensioner husband.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gyulnara to pay for clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 16, 2011
Jul 1, 2011
Currency Exchange Loss:
Oct 15, 2012