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Armenuhi is 38. She lives in Vanadzor town with her daughter and husband. Over the last 5 years, Armenuhi has been involved in the retail business. She resells clothing and dressmaking supplies. She brings clothing from Yerevan and resells it from her house. Due to the hard work that Armenuhi is doing, she is well known among locals who prefer to purchase clothing accessories from Armenuhi.
Currently, for being able to purchase new stock of clothing, Armenuhi needs financial support. She asks this loan for being able to purchase stock of clothing and resell it 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. The loan will be a big help for Armenuhi, and will give her an opportunity to continue and enlarge her retail 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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Armenuhi to pay for new stock of clothing for reselling it to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 3, 2013
Dec 4, 2013
Currency Exchange Loss:
Jan 17, 2016