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Garik has been providing construction services for three years. He receives orders from individuals in Kapan town. He provides renovation services for both interiors and exteriors of houses. Garik is a very hardworking and attentive worker, so the services that he provides are in high demand among customers.

Garik isn't married and lives with his parents. The income from the construction services that he provides is very important for his family's living.

Garik is requesting this loan to be able to purchase tools and materials needed for his work. 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.

Garik is very grateful to Kiva lenders for the loan.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    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 Garik to pay for tools and materials used in providing construction services.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 5, 2013
Dec 25, 2013
Currency Exchange Loss: