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Arman
Arman G. is married with one child. The family lives with Arman’s parents who are pensioners. Arman’s wife takes care of their child. Arman has been running a car seat and furniture upholstery renovation business since 1995. Currently he is using two old sewing machines at his rented small factory room. To revive the business Arman would like to replace the old sewing machines with new ones and get a large volume of good quality fabric. This will increase Arman’s profit by 25%.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,747,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arman purchasing sewing machines and upholstery fabric.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012