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Vardan produces doors, windows and overhangs. He needs to make some financial investments to purchase new machines for production. With new machines he will be able to make the production process more effective and make products with more quality. This is very important for him to meet his clients' demands and attract new ones. The development of his business will help Vardan to increase the business income and ensure a brighter future for his family. Vardan lives together with his wife and two sons.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Vardan to pay for new production machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 23, 2011
Nov 3, 2011
Currency Exchange Loss:
Jun 17, 2013