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Gayane lives in Yerevan with her husband and son. For twelve years she has been running a bakery. Gayane has applied for this loan to expand her business. She plans to increase the variety of products she sells and to make the Armenian national bread, lavash, which is in great demand in the city. To achieve this goal Gayane plans to purchase a special machine to make lavash. Gayane also plans to renovate the bakery. This loan will help Gayane to develop her business and get more income, which is vital for her to ensure a better future for the family.

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
  • 114
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gayane to pay for a machine to make bread and for her bakery's renovation.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 27, 2011
Feb 1, 2012
Currency Exchange Loss:
Oct 17, 2013