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Arman is from Gyumri town where he lives with his wife, and 10-year-old daughter. Arman works at local sports school as a trainer. As a hardworking family breadwinner, Arman also works as a taxi driver. He owns a car, with which he provides taxi service to locals. Currently his car needs to be renovated, but because of his family's daily needs, Arman isn't able to save money and renovate the car. He is asking for a loan to be able to purchase tires and pay for renovations to the car.

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. So, this loan will greatly assist Arman to continue his business, and he will be able to earn income for his beloved 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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Arman to purchase tires and pay for car renovations.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 6, 2013
Currency Exchange Loss:
Nov 5, 2013