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Hrachya T. is a 36-year-old man, married with a newborn child. His mother and sister live with the family. Hrachya is the main breadwinner in the family.

Hrachya used to sell vegetable oil, various food sauces and some food preserves. When the business stopped due to the economic crisis, Hrachya rented out a small bakery with a “tonir” (traditional Armenian wooden stove) where he cooks Armenian bread. Hrachya’s neighborhood loves the bread and would like to buy the fresh bread directly from him. Hrachya has requested a loan to buy another oven and open a small bread shop next to the bakery.

Additional Information

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hrachya buy an oven and open a bread shop.
100% repaid
Repayment Term
28 months (Additional Information)
Repayment Schedule
May 25, 2010
Jun 1, 2010
Currency Exchange Loss:
Sep 17, 2011