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.
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.