A loan of $625 helped to pay for new stocks of clothing and dressmaking supplies.

Armida's story

Armida is from Goris town, where she lives together with her mother and sister.

She has been involved in retail business for many years. In particular Armida sells cloth and dressmaking supplies to locals from her house. Armida's mother is 71 years old and is retired with a retirement pension. Armida is the only breadwinner of the family, so the income from her retail business is very important.

For purchasing new stocks of clothing supplies, Armida has no financial resources. It is very difficult for her to save money, because the family's daily costs are rising day by day.

So by applying for this loan, Armida is asking for money to be able to purchase new stock of clothing and dressmaking supplies and sell it to her customers.

Armida 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. So this loan is very important for Armida to be able to continue her business and provide better living conditions for her family.

Loan details

Lenders and lending teams

Loan details