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Karapet lives in Gyumri with his wife and two small children.
Karapet is a shoemaker. He receives orders mainly from Vanadzor and makes different types of shoes.
Karapet makes good quality shoes and his customers are always very satisfied with his work.
Now, because of the coming holidays, Karapet has received a lot of orders. Unfortunately the materials that he has on hand, doesn't allow him to complete all the orders. So this hard working shoemaker asks your help. The loan that he has requested will greatly assist Karapet to purchase materials for sewing shoes. 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 is very important for Karapet and he waits 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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Karapet to buy materials for sewing shoes.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 16, 2013
Dec 25, 2013
Currency Exchange Loss: