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Geghanush is a teacher with four years of experience teaching at a local school. She lives in Armavir with her husband and 6-year-old child.

As a teacher's salary is not enough for covering family's daily costs, Geghanush also provides private classes at her house. Due to her hard work, Geghanush's classes are much in demand, and people want their children to attend her classes. Unfortunately, in Geghanush's house the conditions are not sufficient, and she is hardly able to accept her pupils.

She has requested this loan so that she'll have an opportunity to purchase a table, four chairs, and a projector. She 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. The loan is highly important for Geghanush to be able to purchase tools specialized for her work.

Geghanush is very grateful to lenders.

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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Geghanush to pay for a table, four chairs, and a projector.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 25, 2013
Oct 1, 2013
Currency Exchange Loss:
Jan 17, 2014