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Seryozha is from Gyumri town where he lives with his parents. He works delivering bread to local shops. Despite his young age, Seryozha is a very skilled driver who has many years of delivery experience. He realizes that his income is very important for his family, and he would like to expand his business. Seryozha uses a rented car to deliver bread but he is saving money to purchase a micro-truck.

Seryozha is requesting a loan to purchase a new truck to deliver bread. He has not been able to save enough money because of his family’s daily needs. Seryozha’s request has been approved within the framework of a new joint initiative between Kiva and SEF international. This start-up loan program provides business start-up loans with soft conditions to informal businesses without access to credit products. His loan is very important for Seryozha and will help him to continue his delivery business. The support and help of lenders will be a huge benefit for Seryozha and his family.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $14,333,525
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Seryozha to purchase a new truck to deliver bread.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 22, 2013
Sep 28, 2013
Currency Exchange Loss:
May 17, 2015