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Ararat
Ararat lives in Yerevan with his wife and 1-year-old son. About 5 months ago, Ararat started his own business of making ornaments from gold. Ararat sells the ornaments to local traders. During this short period, Ararat has received an increased number of orders, and now needs to buy gold to complete them.
Ararat dreams of expanding his business, which will allow him to hire employees and start making a large variety of gold products. Further developing his business will help him achieve this goal.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,753,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ararat to buy gold to fulfill his customers' orders.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014