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Artak
Artak lives in Vanadzor town. He has been involved in the installation business for two years. Particularly he installs computers, cameras, and security systems, providing its maintenance and reconstruction.

Currently Artak collaborates with a local electronic shop, which provides Artak with clients. Now, to be able to enlarge his business and provide better service to the clients, Artak needs to purchase tools and camera testing equipment for making installation work. He 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 very important for Artak to be able to make his work more effective and purchase needed tools. Artak will be very grateful to lenders as the loan will greatly assist him.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 173
    View loans »
    Armenia Loans Fundraising
  • $13,228,200
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Artak to pay for tools and camera testing equipment for making installation work.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014