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Armen lives in Yerevan with his wife and school-age son and daughter. Armen started his business more than 19 years ago by repairing shoes. Due to his hard work he managed to develop it. Armen started making shoes and selling them from his little booth. Now Armen needs some financial investments to make and sell more shoes. With the help of this loan, he plans to purchase the necessary materials to make shoes. Armen hopes he will increase his income, which will allow him to repair his house and improve his family's living conditions.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,768,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Armen to pay for materials for making shoes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 5, 2011
Jan 1, 2012
Currency Exchange Loss:
May 16, 2012