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Yurik
Yurik is married and has three children. He operates a tire repair service, which he has been doing for 13 years. Near the house where he lives with his family, he owns a small place where he repairs tires. Over years of hard and dedicated work, Yurik has gained many customers who value the quality of the work that he provides. As the family's only breadwinner, he does his best to be able to cover his family’s' daily costs.

Yurik is requesting a loan from SEF International, which he will use to purchase a stock of tires. He loan is part of a new joint initiative between Kiva and SEF International, which 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

  • $6,300
    Average annual income
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,747,675
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Yurik to purchase tires.
83% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible