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Arshak lives with his mother in Vanadzor town. He earns their living by providing retail service to local stores and individuals. Arshak owns a truck through which he purchases different goods (housing, food, etc.) from Yerevan town and resells it to local small stores of Vanadzor town. Arshak is a very enthusiastic and hard working young man who does his best to ensure a better life for his mother.

Now to be able to purchase new stock of supplies and cover his current orders, Arshak 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 will greatly help Arshak 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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Arshak to pay for new stock of supplies for covering his current orders.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 1, 2013
Currency Exchange Loss:
Nov 17, 2015