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Robert
Robert is musician from Aygehovit village in the Tavush region. He plays different musical instruments. Robert receives invitations for different events (weddings, birthday parties) and performs the musical part of the ceremonies. Robert would like to be able to expand his musical repertoire by purchasing drums. He has applied for this loan to purchase drums and provide a better service to his clients. He has 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 be a big support to Robert and he will be able to increase his income to the benefit of his family. He lives with his wife, mother and two school-aged children.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    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 $1,000 helped Robert to purchase drums to allow him to expand his musical repertoire.
61% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible