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Karen lives in Sisian town. He lives there with his wife and three little children. He has been involved in delivery service. Using his mini truck, Karen provides different delivery services to locals in Sisian town. Among locals there are not many car owners, so the service that Karen provides is highly demanded among people. He is now asking this loan to be able to purchase new tires and renovate the vehicle. The loan is very important for him as the car is currently in poor working condition and Karen isn't able to complete his orders.

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 important for this hard working young businessman and he hopes for your goodwill.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 410.2
    Armenia Drams (AMD) = $1 USD
A loan of $1,475 helped Karen to pay for new tires and renovation of the vehicle.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2014
Feb 6, 2014
Currency Exchange Loss:
Mar 8, 2014