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Armen
Armen lives in Yerevan with his wife and two daughters.

Armen is a tailor. He rents a little premises at one of markets in Yerevan, where he operates his business. Armen would like to purchase a new sewing machine, which will allow him to sew with more quality and faster. Armen also plans to renovate the premises he rents to make it more attractive for clients. This loan will help Armen to implement these goals and develop his business.

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

  • $6,400
    Average annual income
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Armen to pay for a sewing machine and the renovation of the rented premises.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014