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Alla is from Armavir, where she lives together with her 3-year-old son. For about a year, Anna has been running a small store where she trades with food products.

Due to a kind attitude toward people, Alla was able to gain customers in Armavir town. Now, as the business is new, Alla needs to fill the store with new products.

So, she has applied for this loan to purchase products needed for the store.

Alla had already taken a loan from a local financial institution before, but unfortunately, wasn't able to return it back. However, thanks to the hard work during the recent times, Alla was able to open a new store, 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.

The loan is very important for Alla to have a successful business and gather more income for her son.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Alla to pay for food products needed to sell in the store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 26, 2013
Jan 17, 2014
Currency Exchange Loss:
Jan 17, 2016