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Artashes lives in Armavir town with his wife and son. Five years ago, this young and enthusiastic man decided to start his own business and become financially independent. He opened a booth in one of the city's busy areas, where he started making different types of fast food that are very popular among citizens. Due to his qualities of entrepreneurship, Artashes has gained a loyal and ever-growing customer base.

Now Artashes wants to develop his business and provide services with better quality for his customers. With the help of this loan he plans to construct a new booth. This will allow Artashes to increase his business income and invest in further expansion of his 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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Artashes to pay for construction of a new booth.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 10, 2012
Jun 1, 2012
Currency Exchange Loss:
Jul 1, 2012