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Rubik
Rubik is a young entrepreneur from the town of Spitak in the Lori region of Armenia. He lives with his wife, brother and parents.

Rubik and his father are the only breadwinners of the family and work really hard to make ends meet. To be able to meet his family’s needs, Rubik runs a small store with construction materials. Previously, he worked as a seller in a construction materials store, but he decided to run his own business. Rubik’s father works in the transportation sector.

The assortment of goods that Rubik sells in his store is not that big and needs to be updated from time to time for his small business to function in a sustainable way. To reach that goal, Rubik needs a loan of $3,000 USD. He will use the loan to purchase a new assortment of construction materials to sell in his store and to make previous credit repayments.

He and his family highly rely on the lenders' support and will be grateful to them for their goodwill in helping to collect the needed loan.

Additional Information

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $12,373,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Rubik to purchase an assortment of construction materials to sell in his store and to make previous credit repayments.
58% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
N/A