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Flora lives in Yerevan, Armenia with her mother and 3-years-old son. Her husband left the country last year, with the hope of finding a well paid job to support his family. To earn income for covering daily needs, Flora started a retail business trading a large variety of clothing from her house. The requested loan is highly important for her business. She asks this financial support to be able to purchase clothing supplies to cover current customer orders.

Flora 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.

Please help this young entrepreneur to further develop her business and sustain her family's living.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,768,025
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $975 helped Flora to pay for clothing to meet her customer's orders.
76% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 6, 2014
May 17, 2014
Currency Exchange Loss: