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Anna runs a small bakery. She makes Armenian traditional bread and sells it locally.

Anna lives in Aygeshat village with her husband, two children (12 and 10 years old), mother-in-law and sister-in-law.

Anna works hard to run her bakery in a sustainable way so her family will be able to sustain its living. By applying for this loan, she asks for financial support to be able to purchase equipment and materials needed for her bakery. Anna 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.

She will be very thankful to Kiva lenders if they support her 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 415.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Anna to pay for equipment and materials for the bakery.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 9, 2014
Apr 12, 2014
Currency Exchange Loss:
Jan 17, 2015