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Gevorg A. lives in Gyumri city, one of the oldest and most beautiful cities of Armenia, which was affected by the devastating and destroying earthquake in 1987. People of Gyumri have been largely affected by the earthquake and most are still struggling to survive.

Gevorg has a long experience in trading in unmounted construction materials. He buys the old, little, dilapidated temporary huts that were given to earthquake survival citizens as temporary housing after the earthquake. His customers are happy to sell those huts to him, following their move to a new apartment.

He is married with two small children. Additional income would greatly assist the family. He has applied for the loan to be able to increase his working capital.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,954,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Gevorg additional working capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 17, 2011
Feb 24, 2011
Currency Exchange Loss:
Mar 15, 2013