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Seyran
Seyran is from Vanadzor town where he lives with his wife. Seyran has three daughters who are married and live with their own families. Seyran has been involved in the repair of electronics for already 30 years. Over these years of hard work, Seyran has been known among his customers as a qualified service provider who loves the job he is doing. Seyran requested a loan from local financial institutions several times for improving his business, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

Seyran's loan has now been approved for a loan within the framework of the new joint initiative of Kiva and SEF International. The start-up loan program provides business start-up loans with soft conditions to non-formal businesses that do not have access to credit products. This loan is very important for Seyran to purchase needed supplies for his business and be able gather more income for his family.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,409,950
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Seyran to pay for supplies for his business.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
Possible