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Hovsep D. lives in Yerevan with his pensioner parents. Hovsep’s two brothers are in the army. He is engaged in baby clothing sales. The main income comes from sales, but it is not enough to meet the family needs. Hovsep wants to expand and develop his business. With the requested loan he plans to purchase clothes for sale. With the loan’s help Hovsep will increase his income and insure better living conditions for his family.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $16,777,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hovsep to pay for clothes for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 6, 2011
May 1, 2011
Currency Exchange Loss:
Mar 15, 2013