Check out some available loans that are similar to this one!
Suren is an honored musician from Yerevan. He plays the Armenian national "duduk" and is also specialized in playing the saxophone. Suren performs with many famous musicians who greatly value his professionalism.

Now, this talented musician needs financial support for getting bagpipes. Suren's income doesn't allow him to save money and purchase that instrument which will give him an opportunity to expand his repertoire. Suren 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. So, this loan is very important for Suren to be able to purchase bagpipes and continue his beloved work.

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
  • 140
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • 409.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Suren to pay for purchasing bagpipes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 14, 2013
Sep 18, 2013
Currency Exchange Loss:
Sep 17, 2015