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This Kiva client runs a small car wash business that uses Karcher washing machinery. He has built a garage next to the car wash, and he would like to operate a garage business there. To start operating this new business, he needs to purchase necessary instruments and tools.

The income from the business improve the quality of life for the client’s family. He and his wife have two 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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $17,071,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Samvel to purchase necessary instruments and tools for his garage business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 4, 2011
Jun 1, 2011
Currency Exchange Loss:
Feb 15, 2013