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Susanna is from Gyumri town where she lives with her husband and two grown-up children. Susanna's elder daughter is married and lives separately with her family. In two years, Susanna has been involved in a retail business. She purchases different clothing and dress-making supplies from the city market and resells it in Yeghegnadzor town where her daughter lives. The profit from this activity is very important for Susanna and her family and she needs to enlarge it. She asks for this loan to purchase clothing to sell to her customers. Susanna 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 Susanna and she hopes for 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Susanna to pay for clothing to sell to customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 4, 2013
Nov 6, 2013
Currency Exchange Loss:
Apr 18, 2015