A loan of $1,500 helped to pay for a new stock of clothing to sell to customers.


Hermine's story

Hermine is from Vanadzor town, where she lives with her 5-year-old son. Hermine's husband currently is a labor migrant who continues to look for job with good terms.

For tackling financial hardships, Hermine got involved in a retail clothing business a year ago. She works hard to cover daily living expenses and providing appropriate living conditions for her son. Realizing that the retail clothing business is quite profitable, and she can earn a higher income through it, Hermine would like to expand it.

Because she has no savings, Hermine asks for this loan for financial support. The loan will help her purchase a new stock of clothing that she will sell to her customers.

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. Hermine waits for lenders' support, and hopes for their help.



Loan details


Lenders and lending teams




Loan details