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Nshan lives in Yerevan with his wife and two school-age children. He has been engaged in a shoe sewing business for over 20 years. As a very skilled shoemaker, Nshan has a lot of clients who are ordering new shoes from him. Due to his hard work and nice attitude toward people, Nshan manages to gather enough income for sustaining his family.

Because of new orders, Nshan is having difficulty purchasing materials to sewing shoes and complete orders from his clients. He has applied for this loan for financial support. The loan will greatly assist him in purchasing materials to use in sewing new shoes.

Nshan 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.

Nshan 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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Nshan to pay for materials for sewing shoes.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 7, 2013
Nov 25, 2013
Currency Exchange Loss:
Jul 17, 2015