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Mnatsakan is a young entrepreneur. He runs a bakery, where he makes lavash, an Armenian national bread. Mnatsakan started his business as a trader of flour. He managed to develop this business, which allowed him to establish the bakery. Now Mnatsakan needs investments to develop the bakery. With the requested loan, he will purchase special equipment to puddle the paste and flour for making lavash. This will allow Mnatsakan to expand his production and increase his sales. Mnatsakan will earn more income and create improved living conditions for his family. Mnatsakan lives with his wife and child.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Mnatsakan to pay for flour and equipment to puddle the paste.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 30, 2012
May 3, 2012
Currency Exchange Loss:
Feb 17, 2014