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Gegham
Gegham lives in Ayntap village, Ararat region. He lives with his parents who are have a retirement pension. Over the last three years, Gegham has been involved in the installation of internet connectivity. Over the past 15 years Gegham has also been engaged in repair and customization of computer systems. Due to the fact that Gegham has a good experience in this field and is very hardworking, people value the service that he provides.

Now, in order to be able to purchase internet equipments and facilities for providing internet connectivity installation services, Gegham needs financial support. He 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 will greatly assist this young man to continue his business and provide people high quality internet connectivity.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 131
    View loans »
    Armenia Loans Fundraising
  • $12,991,375
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Gegham to pay for internet equipment and facilities to provide internet connectivity installation services.
61% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible