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A loan of $1,225 helped to pay for new stock of cloth and dressmaking supplies to sell to customers.


Karen's story

Karen lives in Vanadzor town with his father. To financially support the family, Karen's mother went to a neighboring country for finding a job. Karen has been already three years involved in selling cloth and dressmaking supplies to locals in the town. Over these years of hard and tireless work, he has already formed a group of loyal customers.

For purchasing new stock of inventory, Karen needs financial support. He requested a loan from local financial institutions several times, but without any success. His loan request was rejected every time because his business isn't registered as a formal business. Karen 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 Karen to be able to meet clients' needs and ensure a better life for his parents.



Loan details


Lenders and lending teams



Loan details