A loan of $1,125 helped to pay for new stock of perfume for selling to customers.

Shoghik's story

Shoghik is from Vanadzor where she lives with her husband (in the photo) and 14-year-old daughter (in the photo). Shoghik has been involved in the cosmetics retail business for many years. She purchases stock from the city market and then resells it to her clients. The income from this activity isn't the only one for the family, but it is very important one. Shoghik gathers enough income from reselling perfume to help her husband with everyday household costs.

Now this hard working woman asks for a loan to be able to purchase new stock of perfume and resell it to her clients. 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. The loan is very important for Shoghik to continue the business that she is involved in and gather more income for her beloved family.

Loan details

Lenders and lending teams

Loan details