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Elya is from Kapan town where she lives with her retired mother. Elya has been involved in cosmetics sales for 3 years. She trades with different types of cosmetic goods from her house and has a large number of loyal clients. ELya has now requested this loan to pay for new stock of cosmetics for resale to her customers. She 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, for informal businesses that do not have access to credit products.
This loan will be a large support for Elya's small business and she will be very grateful to all lenders for support.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 413.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Elya to pay for new stock of cosmetics to sell to her customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 23, 2014
May 31, 2014
Currency Exchange Loss:
Jul 17, 2015