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Grigor earns his living by repairing and trading in mobile phones and accessories. The current income from the business is barely enough for Grigor and his family to cover their costs. Thus, Grigor would like to develop the retail side. With the requested loan, Grigor plans to purchase mobile phones and accessories to sell. This will allow Grigor to increase the business income and insure a better future for his family. Grigor lives together 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
  • 176
    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 Grigor to pay for mobile phones and accessories.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 2, 2011
Dec 4, 2011
Currency Exchange Loss:
Dec 20, 2013