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Armen is an engineer but manages a clothing store to provide sufficient income for his family. He lives with his wife, her retired parents, and his 5-year-old son. He opened his store in 2009. Demand for new products is high, so Armen is applying for a loan to bring in additional inventory to attract new customers.

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
  • 123
    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 Armen to purchase clothing to stock his store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 12, 2011
Mar 15, 2011
Currency Exchange Loss:
Sep 17, 2013