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Karen is a thirty-three-year-old entrepreneur from Yerevan. He trades men and women's clothing from a rented booth in the city market. Karen's wife helps him with business and commutes with him when he goes abroad to purchase inventory. Karen has applied for this loan to increase the variety of clothing he has. In particular he wants to purchase clothing for the coming spring season and to meet the client demand.

This loan will help Karen to increase his sales and earn more income, which is absolutely vital for him to ensure better living conditions for his wife and two children. Karen dreams of opening his own shop, and developing his current business will give him an opportunity to make his dream come true.

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
A loan of $3,000 helped Karen to buy more clothing to sell.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 26, 2012
Mar 4, 2012
Currency Exchange Loss:
Apr 3, 2012