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Artem lives in Yerevan with his wife and two school-age children. He is a taxi driver who rents a car to drive. Artem wants to purchase his own car, which will allow him not to pay for the rented car and get more income. This loan will help Artem to purchase the car and drive it as a taxi. With a new car, Artem will provide services with higher quality for his clients and attract new ones.

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
  • 116
    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 Artem to pay for a car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 26, 2011
Feb 1, 2012
Currency Exchange Loss:
Jan 17, 2014