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Lusine is from Gyumri town in Armenia. She lives with her mother, brother, and 3-year-old daughter.

She opened a small cafe in Gyumri town two years ago. Due to her hard work over these two years, Lusine was able to gain a good client base. She provides high-quality service and tasty dishes, and that's why her cafe is in demand among locals.

Now Lusine needs financial support for purchasing a TV for her cafe. 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.

Lusine is very grateful to all her lenders for their support. The loan is very important for Lusine to be able to provide better conditions for her clients.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Lusine to pay for a TV for her cafe.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 29, 2013
Currency Exchange Loss:
Nov 19, 2015