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Lala is a private entrepreneur from Kapan city. She lives with her husband, nine-year-old daughter and five-year-old son. Lala's husband works as a car mechanic. To assist her husband in earning a living, Lala runs a small local shop, where she sells clothes and shoes. The assortment of goods she sells in her store is not that big and needs to be updated and expanded periodically in order for her small business to develop and function in a productive way.

Lala needs a loan of USD 1,500 to purchase new items (clothes and shoes) to resell in her store. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to her hard work during recent times, Lala was able to run her small business in a sustainable way, ensuring that she will be able to cover the monthly payments. So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products.

Lala and her family will be thankful to all the lenders for helping them maintain their small business.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Lala to purchase new items (clothes and shoes) to resell in her store.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 6, 2013
Currency Exchange Loss: