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Sos has become the only breadwinner in his family after his father became a pensioner. He lives with his father in Kapan town and is providing their living by distributing different products to neighboring villages and selling them.

The business helps Sos to gather income which is very important for covering daily costs. He purchases products from the city market and distributes them to villages. Since in the villages of Syuniq region there are not many shops and people have to go near town to purchase needed goods, the service that Sos provides is highly demanded.

For purchasing supplies he requested a loan from local financial institutions several times, but without any success. His loan request was rejected every time because his business isn't registered as a formal business. Sos has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. 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 will greatly support Sos to purchase the supplies he needs for selling and to continue his business.

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
  • 117
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 409.5
    Armenia Drams (AMD) = $1 USD
A loan of $1,475 helped Sos to pay for supplies to sell to customers.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 2, 2013
Aug 15, 2013
Currency Exchange Loss:
Sep 14, 2013