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Armen is selling and setting up heating systems. He works from a rented shop. Armen's shop provides services to a large number of customer groups, so he constantly needs to refresh his product variety. He would like to enlarge his business and increase his working capital.

With the requested loan, he plans to increase the variety of his products. Armen lives together with his wife, father and one child, and the business profit sustains the whole 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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    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 pay for products for the shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 17, 2011
Jun 24, 2011
Currency Exchange Loss:
Aug 15, 2011