A loan of $3,000 helped to purchase clothes for resale.


Lusine's story

From the village of Ayntap in the Ararat region, Lusine is divorced and lives with her 14-year-old son. Self-employed, she has been engaged in the retail trade of women's clothing and shoes for many years.

Lusine had taken a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to repay it. However, over the course of years of tireless work, she established her own business, which is profitable enough to now cover monthly repayments.

Lusine wants to expand her business a little bit and has been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The second-chance loan program provides loans to people who have a bad credit history behind them and have no access to credit products. With the loan's help, she is planning to buy clothes for resale.



Loan details


Lenders and lending teams




Loan details