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Armen is a private entrepreneur from Gyumri city of Shirak region. He lives with his wife and two little children (five-year-old son and one-year-old daughter). Armen earns a living for his family through running a local business of cold drinks production and delivery service of frozen chicken, household goods and toys. Armen is the only breadwinner of the family, and works very hard to be able to meet the everyday needs of his family.

To be able to continue his business, Armen needs to make some investments. He particularly needs a loan of USD 3,000 to purchase several types of syrups, plastic bottles, stopples, and labels for the production of drinks. The loan will help him greatly to sustain his business. Armen and his family will be very grateful to all the lenders for their goodwill and support in collecting the needed amount of money.

Additional Information

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Armen to purchase several types of syrups, plastic bottles, stopples and labels for the production of drinks.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Oct 20, 2013
Currency Exchange Loss:
Oct 17, 2015