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Armen produces and trades in furniture. Armen has been in this business for the past four years, through which he has managed to gain a large number of cilents from different parts of the city. Due to the quality of his work Armen receives many orders and now he can't get enough boards to make the furniture. This loan will help Armen to purchase the necessary boards and build the ordered furniture. Armen will increase his income and improve his family's living conditions. Armen lives together with his wife and mother.

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    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 boards to make furniture.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 4, 2011
Nov 29, 2011
Currency Exchange Loss:
Apr 17, 2013