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Gevorg rents a booth in the city market, where he sews and sells clothing. Due to the high quality of his work, Gevorg has attracted a large number of clients. In order to maintain the high quality of his clothing, Gevorg needs to purchase a new sewing machine, as the old one doesn't sew properly anymore. With the loan, Gevorg also plans to purchase some new clothing to sell. He will develop his business and increase his working capital, allowing him to pay for his children's education and ensure a sustainable future for his family. Gevorg lives with his wife, school-age son, and two student daughters.

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
  • 109
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gevorg to buy a sewing machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Nov 29, 2011
Currency Exchange Loss:
Nov 15, 2012