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Shogher is from Kapan and she lives with her only child, Eva, who is 13-years-old.

Shogher has been involved in a retail cosmetics and clothing business for four years. She is a hard worker and is very nice to her customers.

Now Shogher is asking for a loan. She would like to buy more cosmetics and clothing to sell to her customers, in order to meet the demand for her products.

Shogher 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 funds to people who do not have access to credit products.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 414.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Shogher to buy more cosmetics and clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 12, 2014
Apr 5, 2014
Currency Exchange Loss:
Feb 17, 2016