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Artur lives in Vanadzor town. He has been providing vehicle repair service for 7 years. He receives orders from locals and provides different types of vehicle repair service for them. Artur rents a small garage in the center of the town. He lives together with his wife and two little children ages 6 and 4 years old. Because of financial difficulties that Artur faces, it is very difficult for him to save money for his business. He has applied for this loan to be able to purchase tools needed for his work.

Artur 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 will greatly assist Artur to continue providing his business and he will be very grateful for their 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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 410.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $375 helped Artur to pay for tools for providing vehicle repair service.
71% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 23, 2014
Feb 6, 2014
Currency Exchange Loss: