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Ashot is a thirty-four-year-old entrepreneur from Yereavan. He owns a shop, where he makes doors, awnings and other wooden things. Ashot started his business in 2009, and due to the quality of his work has a large number of clients.

Now Ashot has many orders to complete, for which he needs to purchase necessary equipment and wood. This will help Ashot to finish the orders with quality and on time. Ashot will increase his working capital, which is vital for him to have sufficient means and invest in further expansion of the business.

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
  • 177
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ashot to pay for wood and equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Mar 4, 2012
Currency Exchange Loss:
Mar 17, 2014