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Gor is from Lernagog village where he lives with his wife and two school age children (ages 13 and 11 years old). Gor's wife teaches at local village school and Gor himself runs a small general store. He has been running his store for 5 years and during those years was able to run it in a sustainable way ensuring appropriate life for his family. Now, Gor applied for this loan to be able to purchase supplies and refrigerator for his store. Gor received a loan from a local financial institution in the past but was not able, unfortunately, to pay it back on time. However, thanks to his recent hard work, Gor was able to ensure that he will be able to cover the monthly payments. Consequently, he has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. The loan will be a big support for this businessman and he hopes for your help.

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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    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 Gor to pay for supplies and a refrigerator for his store.
76% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 14, 2014
Currency Exchange Loss: