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Gohar lives in Vanadzor town with her mother. After graduating university Gohar started to work at a local school. Together with work at school, Gohar has been also providing trainings for her students. Despite her young age, Gohar is skilled and educated enough to be able to provide high-quality trainings. Now, for creating more efficient conditions for her and her students, Gohar wants to purchase notebooks. She asks for this loan for purchasing the notebooks and being able to provide better quality trainings.

Gohar 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 this young teacher to be able to improve the teaching method.

Gohar is the only breadwinner of the family, and the income from teaching is very important for her and her mother.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,777,600
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Gohar to pay for notebooks for providing trainings to children.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 12, 2013
Nov 26, 2013
Currency Exchange Loss:
Dec 17, 2015