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Gagik runs a grocery shop. He has been engaged in this business for three years, and now has favorable conditions to enlarge it.

Gagik plans to purchase more food and vegetables to cover the increasing demand. This loan will allow him to develop his business and get additional income, which means improved living conditions for his family. Gagik, his parents, and his brother live together.

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
  • 125
    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 $3,000 helped Gagik to pay for food and vegetables.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Nov 4, 2011
Currency Exchange Loss:
Nov 18, 2013