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Andranik is 46 years old. He is married, has a 20-year-old son, and lives with his family in the Yeghegnut village. Andranik became the only breadwinner of the family when his father died. He has been providing electrician services for 5 years already. Due to his hard work Andranik has gained many customers who are using his service and are very satisfied.

Currently Andranik needs some financial support for purchasing supplies for his business. He has requested this loan within the framework of a joint program between Kiva and SEF. The Start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.

This loan is very important for Andranik to be able to continue his business and sustain his family's living.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,987,025
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Andranik to pay for supplies for his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 22, 2013
Aug 4, 2013
Currency Exchange Loss:
Jul 17, 2014