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Gegham trades in furniture. He has been managing the business successfully for three years already, and would now like to expand his enterprise and trade in carpets and clothing, too. These products have been in high demand lately, so expanding his business will mean an increase of working capital for Gegham. This loan will help him get additional income and insure better living conditions for his family in the future. He lives with his parents.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gegham to purchase carpets and clothing for sale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 3, 2011
Nov 4, 2011
Currency Exchange Loss:
Jul 17, 2013