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Artur
Artur lives in Vanadzor town with his wife and 22-year-old son. It has already been ten years that Artur has been involved in the construction business. In particular, he provides renovation services to locals and specializes in renovating flooring. Artur works very hard to be able to earn income and cover his family's daily needs. Despite the fact that Artur's wife is a nurse at a local clinic, the main income of the family comes from Artur's renovation business. Realizing this, Artur wants to purchase tools and equipment needed for his work. 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 really important for Artur and his family, and they hope 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

  • $6,300
    Average annual income
  • 147
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Artur to pay for tools and equipment to provide renovation services.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014