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Knarik is a tailor. She sews in a rented booth in the city market. Knarik would like to enlarge her business by opening one more booth. She needs a new sewing-machine for the future booth.

With the requested loan Knarik plans to purchase a new sewing-machine. Opening a new booth, Knarik will develop her business and increase her income. This will help her to insure a better future for her family. Knarik lives together with her husband, mother-in-law, father-in-law and son.

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
  • 144
    View loans »
    Armenia Loans Fundraising
  • $16,809,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Knarik to pay for a sewing-machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 10, 2011
Sep 3, 2011
Currency Exchange Loss:
Mar 15, 2012