Check out some available loans that are similar to this one!
Gayane lives with her mother in Vanadzor town. For over 5 years, Gayane has been organizing "Wonder-Child" contest-festival for local children (one of them is in the photo).
Gayane works hard at organizing everything to make the event successful. The clothing that Gayane owns, she gives for a rent to parents whose children participate in the festival. Due to lack of financial resources, Gayane requests this loan to be able to purchase new stock of clothing. She has now been approved for a loan within the framework of a 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 greatly important for Gayane and she will be very grateful to all her lenders for 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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Gayane to pay for clothing supplies which she will allow participants to rent.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Nov 10, 2013
Currency Exchange Loss:
Apr 18, 2015