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Armen P. lives in Gyumri city, which is still recovering from the long time effects of the 1988 earthquake. Armen is married. Both he and his wife are school teachers. To improve their living conditions they opened a grocery shop, which should give them additional income. To keep up with the clients’ demands and the competition, Armen needs to stock up regularly on necessary items, for which he has applied for the loan.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Armen to buy necessary stock for his grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 11, 2011
Feb 23, 2011
Currency Exchange Loss:
Mar 15, 2013