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Vahagn is 30 years old. He lives in Yerevan with his family: his wife, Mery, his 2-year-old son, his father, who is a taxi driver, and his mother, who works at Children Support Center Foundation.

In 2007 Vahagn got involved in retail business and started selling women's accessories, glasses and wallets. Due to large variety of inventory Vahagn's booth is very popular among young girls and women. Now Vahagn plans to add more inventory and increase sales. With the requested loan he plans to purchase accessories, glasses, and wallets.

This loan will help Vahagn to increase the business income and invest in opening a new booth. Such development of the business will allow Vahagn to insure financial stability for his family 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
  • 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 Vahagn to pay for accessories, glasses, and wallets.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 20, 2012
Apr 5, 2012
Currency Exchange Loss:
May 5, 2012