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Armen M. trades in hats, gloves and underwear. To be financially secure and ensure a stable income for himself and his family Armen, an economist by profession, started up this business six years ago.

Currently, Armen rents out three trading spots at a busy metro underground market. As the cold weather is not over yet, Armen needs to bring in more stock.

Armen also takes care of his retired parents who live in the same household.

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
  • 133
    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 Armen to buy hats, gloves and underwear for resale.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 25, 2011
Feb 13, 2011
Currency Exchange Loss:
Mar 15, 2013