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Nune is from Kapan town, where she lives with her husband. Nune's husband works at a gas station, and the income which he earns is hardly enough for covering the family's costs. So, for tracking financial hardships, Nune started to purchase clothing from a city market and sell it in villages. Because there are no clothing shops in the neighboring villages around Kapan, the service that Nune provides is highly demanded.

Now, she needs some financing, to be able to purchase a new stock of clothing. Nune has 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 other credit products. This loan is very important, for Nune to be able to meet her customers' demand and support her family.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,768,025
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nune to purchase clothing in the city, for selling to customers in villages.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 2, 2013
Currency Exchange Loss:
Aug 17, 2015