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Danelbek is a 53-year-old entrepreneur from Yerevan. He lives with his wife and daughters. Danelbek runs a little shop where he sells paints for cars. Danelbek has applied for a loan to expand his business by purchasing more paints to sell. An increase in sales will allow Danelbek to earn additional income and invest it in opening a new shop in the future.

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
  • 113
    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 $2,000 helped Danelbek to buy paints.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 22, 2011
Jan 1, 2012
Currency Exchange Loss:
Feb 17, 2014