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.
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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.