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Babken is from Yerevan town where he lives with his mother. It has been already a year since Babken started earning his living by reselling different goods online. Babken puts the products on his webpage, and mostly sells cultural products.

Over this year of hard work, Babken already has 35 followers who prefer to order goods only from him. Realizing that the income he gets from this business is important for family's living, this enthusiastic young man needs financial support. He asks for this loan to be able to purchase new stock of goods (cutural items, pictures) and fulfill the orders.

Babken 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.

The loan is very important to Babken to continue his online business activity, and he hopes for lender's 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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Babken to pay for goods (cutural items, pictures) to sell to customers.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 9, 2013
Oct 17, 2013
Currency Exchange Loss:
Nov 16, 2013