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Varuzhan N. is a successful self-starter. He owns a wedding and funeral business in his small town where he is very popular for his quality and affordable services. Varuzhan’s wife is a school teacher and together they have two children. The family would like to save some money to finish off their house. As the pre-holiday season is very busy with weddings, Varuzhan would like to increase his working capital to meet the demand and make a good profit during this season.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Varuzhan increasing working capital for pre-holiday season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 15, 2010
Jan 1, 2011
Currency Exchange Loss:
Aug 15, 2011