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Upon returning from two years of service in the army, Parsam A. at the age of 24 found a means to make a living by opening a stationery store. He rents a small shop in the city of Yerevan. Parsam is an economist due to his educational background and would like to put his skills to good use. He’s been running his business successfully for about two years.

Parsam currently purchases the goods for his store from expensive sources. It would be much less costly and profitable if he could travel abroad to purchase the goods for his store. He is applying for a loan in order to travel and purchase large orders of goods at a lower cost in order to improve his business.

Additional Information

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
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Parsam purchasing large orders of goods at a lower cost in order to improve the business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 1, 2010
Jul 4, 2010
Currency Exchange Loss:
Aug 20, 2012