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Geghaznik lives in Dalarik village of Armavir region with his parents and sister. He owns a small garage where he provides vehicle repair service. This business has helped Geghaznik to sustain his family's living for the past four years. Now, by applying for this loan, Geghaznik is requesting financial support to be able to purchase materials and tools needed for providing vehicle repair service. (As this is Geghaznik's first loan it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products in the past because they have no credit history.) This loan will greatly assist Geghaznik to continue his business and he will be very grateful to lenders.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Geghaznik to pay for materials and tools to be used in his vehicle repair business.
72% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 23, 2014
Jan 30, 2014
Currency Exchange Loss: