A loan of $1,475 helped to buy new women's clothing and underwear to sell to customers.

Mariam's story

Since 2010, Mariam has been trading women’s clothing and underwear from her house in Armavir town. She lives with her husband, mother-in-law and son. Mariam purchases inventory for sale from Yerevan and sells it in her town. Over these three years of hard work, Mariam has managed to gain many customers, who prefer to purchase clothing and other products from Mariam only.

Now, in order to create comfortable conditions and meet her clients' needs, Mariam needs financial support to buy new supplies. Mariam has requested a loan from local financial institutions several times but without any success. Her loan requests are rejected every time because her business isn't registered as a formal business. Mariam 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.

Mariam hopes that Kiva lenders will help her to continue her small business which brings income to her family.

Loan details

Lenders and lending teams

Loan details