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Sargis
Sargis has been involved in this stone workshop for five years. He is a stone abrasive worker and is already very skilled in that sphere. Sargis lives with his parents, wife, and two little children. He works hard to sustain his family's living and provide them appropriate living conditions.

Now this hardworking and honest man needs financial support. With this loan's help, Sargis will be able to purchase tools and equipment for his stone workshop and gather more income. As the current machines in the workshop are already very old and needs to be replaced with new ones, this loan will greatly assist Sargis. He hopes for lenders' support.

Sargis 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.

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
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,373,675
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Sargis to pay for tools and equipment for stone workshop.
61% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible