A loan of $1,250 helped to pay for renovations to the bakery.


Karine's story

Karine is engaged in her lavash (Armenian bread) production. Her business is going well and is enlarged after three years of hard work. Karine's bread production profit allowed her to cover her family's basic needs. Karine says that it is too hard to be engaged in bread production and also take care of the household, but with her husband's help, she does her best in order to enlarge and increase her current business. This time Karine needs a loan of 500,000 Armenian drams to make renovations to the bakery. Karine 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.



Loan details


Lenders and lending teams




Loan details