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Seyran
Seyran is from Vandzor town where he lives with his wife (in the photo) and son. He has been driving a taxi for 10 years and is already a very skillful driver. Due to his hard work, Seyran earns enough income to cover his family's daily costs.

Unfortunately his car is now in bad condition and Seyran has no saved money for renovating it. So by applying for this loan he is asking for a financial support to be able to pay for renovation of the car and to purchase new tires. He 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 Seyran and he hopes for lenders' 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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 102
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Seyran to pay for renovation of their car and to purchase new tires.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014