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Koryun
Koryun has been involved in mushroom production for 15 years. He produces mainly champignons and sells them at local markets. Koryun lives with his wife and three grown-up children, who help their father with production.

Now, to be able to produce more mushrooms and increase sales, Koryun needs financial support. He asks for this loan to purchase mushroom seeds and fertilizer. Koryun 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.

Koryun will be very grateful to all the lenders, and the loan will greatly assist with the production of mushrooms.

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
  • 103
    View loans »
    Armenia Loans Fundraising
  • $12,437,275
    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 $1,000 helped Koryun to pay for mushroom seeds and fertilizer.
57% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible