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Khachik is a 53-year-old entrepreneur from Yerevan. Khachik lives with his wife, Gayane, who helps her husband with the business, his 20-year-old son, who helps him with sales, and his 17-year-old daughter who is a student.

About five years ago, Khachik decided to start his own business. He makes shoes and sells them from his little shop. The number of orders has increased recently, and Khachik needs necessary materials to complete them. With the help of this loan Khachik will purchase leather and soles to make shoes. Khachik is sure he will increase sales and gather more income, which he plans to invest in opening a new shop.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Khachik to pay for leather and soles.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 21, 2012
Apr 5, 2012
Currency Exchange Loss:
May 5, 2012