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Greta is from Gugarq village where she lives alone. Over the last three years, Greta has earned her living by providing clothing for resale. In particular she purchases clothing supplies from Gyumri and Yerevan, and resells them in neighboring villages. The income from this activity is very important for Greta and she would like to enlarge it. By applying for this loan, Greta is asking to purchase a new stock of clothing. As winter is already coming, people demand warm clothing. Greta 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 will greatly assist Greta to continue her retail business and satisfy her clients' needs.

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
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Greta to pay for a new stock of clothing to resell to customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 5, 2013
Nov 25, 2013
Currency Exchange Loss:
Jun 17, 2015