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Serge G. runs a general store in Darbas village in the Syunik region. Village people don’t have bank accounts, and Serge pays cash to his suppliers. Village life is quite challenging, and many customers are not able to pay during the purchase. So Serge offers them the goods on credit. To increase the turnover, Serge needs to stock up on the most popular goods, and eventually expand the business. In the future the additional profit will help Serge to renovate his house and pay education fees for his three children.

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

Success!! The loan was 100% repaid

A loan of $900 helped Serge to stock up on the most popular goods.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 18, 2011
Apr 1, 2011
Currency Exchange Loss:
Mar 17, 2014