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Avag G. lives in Ejmiatsin with his brother and pensioner parents. Avag is a student. His brother is a driver. Avag is engaged in sales. He sells food and household goods. The income he gets is not enough to pay for education.

Avag wants to increase his food and household goods variety and develop his business. With the requested loan he plans to purchase more goods and expand the business. With the loan’s help Avag will get more income and will be able to pay for his education.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Avag to pay for goods for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 8, 2011
May 1, 2011
Currency Exchange Loss:
May 17, 2013