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Since 2005 Armen has been providing construction services to locals. He installs heating systems and does other interior work for locals to earn his living. Armen also works at a local school as a teacher. This hardworking man is very kind to his customers and does his best, and with great pleasure. As a teacher's salary doesn't allow Armen to cover his needs, the main source of his income is from his construction business. Armen has applied for this loan so that he can purchase tools that will help him to provide the construction services better.

Armen 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. The loan is important for him to improve his services and to gain more customers. Armen waits for your support.

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
  • 132
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Armen to pay for tools for the installation of heating systems and other interior work.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 4, 2013
Currency Exchange Loss:
Oct 4, 2013