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Ashot
Ashot is from Nalbandyan village of Armavir region. He lives with his wife, 21-year-old son and 5-year-old daughter. Ashot's son works at local store as a seller and helps his father with sustaining the family's living. Ashot's wife takes care of the household and their little daugher.

Ashot provides taxi service. He has been involved in this activity for 3 years. Realizing the importance of income that he gets from taxi driving business, Ashot applied for this loan. The loan will greatly assist him to renovate the car and be able to continue his business. 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. The loan is very important for Ashot and his family and they hope 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.

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About Armenia

  • $6,300
    Average annual income
  • 148
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Ashot to pay for taxi renovations.
97% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015