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Mnatsakan lives in Shgharshik village with his wife, parents and child. He owns a lorry and provides transportation services, not only throughout the region, but also to other regions in Armenia. Besides transportation, Mnatsakan is also engaged in agriculture – he keeps cattle and cultivates land. Mnatsakan has applied for a loan as the wheels of the lorry are old and don't allow Mnatsakan to provide transportation effectively. With new wheels for the lorry, Mnatsakan will be able to increase his number of transports and get more income.

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
  • 128
    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 $1,600 helped Mnatsakan to pay for wheels.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 9, 2011
Jan 1, 2012
Currency Exchange Loss:
Nov 15, 2012