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Ashot is from Yerevan town where he lives with wife Anna. Ashot has been providing renovation service to locals for 10 years. He is a very hard working man who does his best to gather enough income for his and his wife's living. By applying for this loan Ashot asks financial support for purchasing tools and equipments needed for his work. Ashot 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. This loan will greatly assist Ashot continue his business. 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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ashot to pay for tools and equipments needed for providing renovation services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 5, 2013
Currency Exchange Loss:
Nov 17, 2015