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Artur
Artur is from Gyumri town. He lives with his wife and two school-age children. Artur has been involved in the auto repair business for many years. Near the house where Artur and his family live, Artur owns a small garage where he provides different services for automobiles. Due to his hard work, Artur is able to earn enough income and cover his family's basic costs. Now to enlarge his business, Artur needs financial support. He asks for this loan to purchase spare parts for automobile to be able to cover new orders from his clients.

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 highly important for this hard working man to continue his business and be able to ensure a better life for his 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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,747,675
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Artur to pay for spare parts for his auto repair service.
78% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible