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Gevorg is a thirty-four-year-old entrepreneur from Jermuk town, Armenia. He runs a shop in the busy center of the town, where he trades clothing and shoes. Gevorg started his business seven years ago, and has successfully managed it, attracting large number of permanent clients.

Now Gevorg wants to expand his business, for which he needs to purchase a new variety of men and women's trousers and shirts. Gevorg will increase the sales, which means additional income. The latter is important for Gevorg to improve his family's living conditions and ensure better future for them.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,200 helped Gevorg to buy men and women's trousers and shirts to sell.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 19, 2012
May 3, 2012
Currency Exchange Loss:
Jun 2, 2012