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From the town of Yerevan where he lives with his wife, two children and parents, Albert has been a shoe maker for the past four years. In order to make and sell more shoes and increase his business income, Albert is requesting a loan to purchase leather. With the additional income he will be able to improve the living conditions of his family.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Albert to pay for leather.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Mar 1, 2012
Currency Exchange Loss:
Dec 20, 2013