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Varya is married with two little daughters. She lives in Vanadzor town and is engaged in the sale of cosmetics. She purchases her stock of cosmetics from Yerevan and resells it in Vanadzor town. Varya has been involved in this activity for over four years and has a large number of customers and orders. Because of her family's increasing expenses, Varya now isn't able to purchase a new stock of cosmetics to sell it to her customers. That's the reason she has applied for this loan.

Varya 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 very important for Varya as she is involved in this business with great love and care and she hopes for the lenders' support.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Varya to purchase new cosmetics to sell.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Nov 1, 2013
Currency Exchange Loss:
Dec 22, 2015