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Artak
Artak is from Gyumri town where he lives with his wife. Artak is a producer and actor.

He has been working as a producer for 7 years already and is very skilled. His last work was the film "Neutral Zone" where he was also an actor. In Gyumri there was very positive feedback about the film. For presenting the film abroad Artak has applied for this loan. Artak 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.

With this loan's help Artak will be able to cover the costs of taking the film abroad and introducing it to foreigners.

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

  • $6,400
    Average annual income
  • 127
    View loans »
    Armenia Loans Fundraising
  • $12,898,900
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Artak to pay for presenting the film abroad.
74% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Possible