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Artur is from Gyumri town where he lives with his parents, grandmother, wife and two little children. As the only breadwinner of the family Artur works day and night earning income to cover his family's expenses. He has been running a small business for several years. He owns a small oven where he cooks pork and sells it to locals. Now, because of financial difficulties that the family currently faces, Artur lacks financial means to renovate his oven. He has requested this loan to purchase meat and renovate the oven. Artur 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. The loan is very important for Artur to be able to increase his capital and provide better service to his customers. Artur hopes for your support.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Artur to pay to renovate his oven and purchase meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 5, 2013
Oct 12, 2013
Currency Exchange Loss:
Mar 19, 2015