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Ashot is a 38-year-old retailer in Yerevan. He rents a little shop where he trades in food. Ashot has participated in the Artsakh war in the mid 90s, during which he injured his leg, which was amputated.

After the war Ashot decided to start his business to provide a stable source of income for his family: his wife and two children. Ashot's wife helps him with the business.

Ashot has applied for this loan to add some new inventory in his shop and increase the sales. With the loan's help he plans to purchase more food items to sell. This will help Ashot to increase his working capital and develop his business further.

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
  • 150
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ashot buy food items to sell.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 30, 2012
Apr 12, 2012
Currency Exchange Loss:
Sep 17, 2013