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Nune is from Gyumri town. She lives there with her husband and 26-year-old daughter. About five months ago, Nune started her retail business. Specifically she sells clothing and dressmaking supplies to locals in Gyumri town.

Realizing that the startup business is quite profitable and the income gathered from that business helps her to cover her family's daily costs, Nune applied for this loan. She asks lenders to support her in purchasing a new stock of clothing. Nune 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.

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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 414.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nune to pay for a new stock of clothing to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 17, 2014
Apr 24, 2014
Currency Exchange Loss:
Nov 17, 2015