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Lusine is from Kapan, where she lives with her school age daughter. Lusine started her business years ago. At that time, she was in a very difficult living condition and it was very difficult for her to tackle her financial hardships and sustain her daughter's life. After opening her catering business, Lusine was able to make a little improvement in her life and cover her daily costs. Due to her hard work and nice attitude toward people, Lusine has gained many loyal customers who prefer to come to Lusine's little cafe and enjoy tasty meals. Lusine is now more specialized in Georgian cuisine and cooks different types of meals which her customers enjoy with great pleasure. Lusine requested a loan from local financial institutions several times for her start-up business, but without any success. Her loan request was rejected every time because her business isn't registered as a formal business. Lusine has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. This loan is very important for Lusine to make improvements to her catering service and be able to meet the market demand.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Lusine to improve her catering service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Jul 27, 2013
Currency Exchange Loss:
Aug 17, 2015