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Mariam lives in Ijevan town. She is married with a 5-years-old daughter. Together with her husband, Mariam has been involved in a retail business. With the truck that her husband owns, Mariam organizes the retail business. She trades with vegetables and fruits, which she sells in the open market.

Mariam and her husband work really hard to be able to sustain their young family. Currently, because of the hard financial times that family is facing, Mariam needs support. She asks for this loan to be able to renovate the truck by which they organize the retail business, and purchase vegetables to be able to increase sales.

Mariam 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. Mariam will be very grateful to all lenders for supporting her with the business.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • 404.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mariam to pay for the renovation of the truck and purchase vegetables for reselling.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 28, 2013
Dec 5, 2013
Currency Exchange Loss:
Sep 17, 2015