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Garnik lives with his wife and grandfather. After completing his duty in the Army, he started working in well-known Armenian writer Sero Khanzadyan’s museum as a security officer. As his job is part-time, he is using his extra time to organize a semi-wholesale trade, which is helping him to improve his family’s standard of living. Garnik has many relationships with businesses in other countries and is focused mainly on importing stuffed animals. His company’s products are well-designed and high in quality. He is purchasing the toys in bulk, and distributing them to retail traders and shops. He applied for a loan through SEF to increase his inventory.

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
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Garnik to purchase more stuffed animals.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Mar 1, 2011
Mar 4, 2011
Currency Exchange Loss:
Dec 15, 2012