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Armen is involved in the retail business. He runs a small store where he sells general products for everyday use (food items, housing products, etc.).

Armen is married and is a father of a little daughter. He is working hard to sustain his family's living.

Now, for being able to purchase supplies for reselling at the store, Armen needs financial support. 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 Armen 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.


About Armenia

  • $6,300
    Average annual income
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
A loan of $1,250 helped Armen to pay for supplies for selling at the store.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013