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Spartak has graduated from Economics school.In 2005 he sold his summer house and invested in setting up his own business to be financially independent and have a stable income. Hesells women’s clothing and cosmetics. The large variety of quality goods that he has available attracts a large women clientele. Recently the demand for his goods has increased, and Spartak must bring in more variety. He has applied to SEF for a loan to purchase new inventory stock.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Spartak purchasing new inventory.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 4, 2010
Nov 1, 2010
Currency Exchange Loss:
Oct 19, 2011