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Hrayr D. is married with two children. The family lives with Hrayr‘s retired mother. While Hrayr’s wife and his mother take care of the children and home, Hrayr, an architect by profession, provides the main income for the whole family. Hrayr started his business in 2007. He trades in lamps and chandeliers and has succeeded due to his natural business skills and ability to meet the demand from clients. With clients’ demands changing toward more modern design, Hrayr requires to bring in new stock and inventory. Since the income from this business supports Hrayr’s whole family it is vital for him to expand the business with the help of this loan.

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
  • 155
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hrayr lamps and chandeliers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 25, 2011
Feb 13, 2011
Currency Exchange Loss:
Oct 15, 2012