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Vardan is from Armavir region. He lives with his wife and two school-age children. He has been driving a taxi for already four years. As the only breadwinner of the family, Vardan feels very responsible for gathering more income and ensuring a better life for his family. Now, Vardan asks for this loan to pay for renovation of his car and for gas installation. Vardan has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The startup loan program provides business startup loans with soft conditions to informal businesses that do not have access to credit products. The loan is very important for Vardan 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
  • 151
    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 $1,000 helped Vardan to pay for renovation of his car and gas installation.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 1, 2013
Currency Exchange Loss:
May 17, 2015