Check out some available loans that are similar to this one!
Elmira is nice woman from Yerevan. She lives with her children (ages 17 and 13 years old) and retired mother.

Elmira is a pharmacist by profession. In one of the supermarkets, Elmira rents a small pharmacy where she sells different medications. She meets all the licensing requirements, and provides high quality service to her clients. To be able to purchase a new stock of medication for her pharmacy, Elmira needs financial support.

She took a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to hard work during recent times, Elmira was able to run her pharmacy business in a sustainable way, ensuring that she will be able to cover the monthly payments.

So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international.

The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products.
This loan will greatly assist Elmira to sustain her pharmacy and make it more profitable.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Elmira to pay for medication to sell in her small pharmacy.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 13, 2013
Currency Exchange Loss:
Sep 17, 2015