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Georgi
From a rented garage in Masis town, Georgi provides high quality service to his customers who value the work that he does.

Georgi is the father of a daughter. He lives with his wife, retired mother and 30-year-old daughter. His wife is a musician and works at a local musical school. Georgi works hard to gather a good income and cover the family's basic needs.

Now, by asking for this loan, Georgi would like to ask for financial support to purchase tools and equipment needed for his work. Georgi 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.

This loan is very important for Georgi to continue providing his service with better tools and equipment and provide better service to his clients.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $12,677,975
    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 $750 helped Georgi to pay for tools and equipment for providing auto repair service.
52% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 26, 2013
Currency Exchange Loss:
Possible