A loan of $1,475 helped to purchase cloth and dressmaking supplies to sell to customers.


Tereza's story

Tereza is a devoted mother of two children. She sustains her family alone and earns a living by selling cloth and dressmaking supplies locally. She lives in Kapan town of Syuniq region and due to her kind attitude toward people and hard work, Tereza has gained many loyal customers.

To tackle financial hardship and purchase a new stock of supplies, Tereza requested a loan from local financial institutions several times, but without any success. Her loan request was rejected every time because her business isn't registered as a formal business. Tereza 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 Tereza to meet her clients' needs by providing a new stock of inventory and thus gather more income for her children.



Loan details


Lenders and lending teams



Loan details