A loan of $1,000 helped to pay for perfumes to sell to her customers.

Lilit's story

Lilit is from Vanadzor town, where she lives with her husband and mother-in-law. Over past two years, Lilit has been involved in retailing cosmetics. Lilit purchases cosmetics from Yerevan town's markets, and resells them in her town. She gathers income, which is very important for helping her husband to sustain the family. Due to her hard work, Lilit currently has a big number of customers. She works hard to meet their needs and provide good-quality products to them.

Now, for being able to purchase a new stock of perfumes and sell them to customers, Lilit needs financial support. She 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 credit products.

This loan is very important, to enable Lilit to meet her customers' needs and to earn more income.

Loan details

Lenders and lending teams

Loan details