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Knarik is a young entrepreneur from Yerevan. She buys flowers, designs bouquets, and sells them. To meet the rising demand, Knarik needs to purchase more flowers. With the loan's help Knarik will expand her business and get more income. This will allow her to to increase the variety of her services and develop the business in the future.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    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 flowers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 1, 2011
Dec 13, 2011
Currency Exchange Loss:
Jul 26, 2012