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Zarine has been trading in clothing since 2010. She sells clothes, shoes and different household products from her house. The assortment of goods she sells is not that big and needs to be updated and expanded periodically in order for her small business to be productive and compatible.

Zarine currently needs a loan to buy new items (clothes and shoes) to resell to her customers. She has now 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.

ZArine lives in Qajaran town with her husband and two school-aged children.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 409.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Zarine to pay for clothes and shoes to resell to her customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 18, 2014
Jun 28, 2014
Currency Exchange Loss:
Dec 17, 2015