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This Kiva client trades in electrical and bathroom accessories for home construction. The income generated from his business is the main source of income for the client’s family, including his wife and pensioner parents.

He would like to increase sales and develop his business. With the requested loan, he plans to purchase a new stock of merchandise, thus increasing working capital.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,058,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hovhannes to purchase a new stock of merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 6, 2011
Jun 1, 2011
Currency Exchange Loss:
Jun 17, 2013