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Artur is from Armavir town where he lives with his wife and two little children (ages eight and six).

He has been providing welding services to locals for ten years. In order to overcome financial hardships, Artur is also making entry doors for apartments and houses.

Over these ten years of hard and tireless work, Artur has gained a good reputation among locals who value his high quality and devoted work. Now, to be able to serve more clients, Artur needs tools and equipment specified for his work. His current tools are in defective condition, so he requests this loan to enable him to purchase the tools and equipment he needs.

Artur 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 for Artur to be able to continue his business and provide better living conditions 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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Artur to pay for tools and equipment to provide welding services.
95% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 11, 2013
Oct 19, 2013
Currency Exchange Loss: