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Armine lives in Goris town with her parents and nine-year-old son. Her parents are elderly pensioners and Armine is the only breadwinner in the family. She works in local kindergarten. Also, she's been providing designing services for the past five years. In particular, she regularly receives orders from the residents of her town for organizing different events (birthday parties, weddings, etc.).

Armine has requested this loan to pay for supplies to help her designing service. Her loan has been approved 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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 411.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Armine to pay for supplies needed for her design service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 12, 2014
Jun 17, 2014
Currency Exchange Loss:
Dec 17, 2015