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Saro is from Gyumri town, where he lives with his wife and daughter.

Saro earns a living for his family by providing an electronics repair service. Over years of hard work, Saro was able to get clients due to his nice attitude toward people and the high quality service Saro is known for among locals.

Now, to purchase tools for repairing electronics Saro needs financial support. Saro has 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 is very important for Saro to be able to continue his business and improve his family's living conditions.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Saro to purchase tools for repairing electronics.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2013
Sep 8, 2013
Currency Exchange Loss:
Feb 17, 2014