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Samvel V. started his used car parts business in 1995. He is married and has two children. The family lives with Samvel’s retired parents. Back in 1995, Samvel owned an old BMW which he broke into parts and sold. The demand for used parts was growing then, and Samvel started buying broken cars and selling them in parts, operating from his workshop. The clients like Samvel’s service, although the demand has now shifted to brand new car parts which he currently doesn’t have. Being the main breadwinner in the family, it is vital for Samvel to bring some fresh zest into his business and expand it. With the help of the loan, Samvel will be able to travel to the neighbor country to purchase the new parts and to meet the clients' demands.

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
  • 120
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Samvel for travelling to the neighbour country to purchase brand new car parts.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 9, 2010
Jul 13, 2010
Currency Exchange Loss:
Aug 20, 2012