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Hovhannes H. lives in Gyumri City, one of the oldest and most beautiful cities of Armenia that was affected by a devastating and destructive earthquake in 1987. The people of Gyumri have been largely affected by the earthquake and most are still struggling to survive.

Hovhannes has extensive experience in trading in unmounted construction materials. He buys the small, old, dilapidated huts that were given to earthquake survivors as temporary housing after the earthquake. His customers are happy to sell those huts to him, following their move to a new apartment.

Hovhannes has applied for the loan to be able to increase his working capital.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hovhannes increasing his working capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 20, 2010
Jan 1, 2011
Currency Exchange Loss:
Jan 16, 2013