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Martun is from Vanadzor town where he lives with his wife (in the photo) and three children (in the photo).

Martun and his wife have been involved in the retail business for four years already. Martun sells fruits and vegetables and his wife sells clothing and other accessories from their home. Both Martun and his wife are very honest and hardworking, and this is a reason why they have many local customers who prefer to purchase goods only from them.

Now, for enlarging the stock that Martun and his wife are selling, Martun needs financial support. He has requested this loan for purchasing clothing and watermelon. Martun plans to take watermelon to market and resell it there. Martun 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, the support of lenders is very important for this family to be able to increase their retail business and improve their 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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • 408.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Martun to pay for clothing to sell to customers and to buy watermelon.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 30, 2013
Currency Exchange Loss:
Jun 17, 2014