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Hamazasp is from Gyumri town. He is the priest of the St. Jacob Church where he performs wedding and funeral rites. In the basement of the church, Hamazasp is also providing lessons in foreign languages, computers and art for children for free. Due to his kind attitude toward children, he has a large number of students who come to the church with great love and pleasure. Hamazasp is also a beloved father of three children.

To purchase chairs, a table, and two computers, Hamazasp needs financial support. As the place where he teaches does not have sufficient conditions for children, he wants to improve it.

Hamazasp 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 the loan will greatly assist Hamazasp to continue his social mission.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Hamazasp to pay for chairs, a table and two computers.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 18, 2013
Currency Exchange Loss: