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Ashot is a young entreprenur from Yerevan. For three years already he has been running a bakery. Now Ashot would like to purchase a new oven for the bakery to increase production and improve the quality of the products. Thus Ashot has applied for this loan. With the loan's help he will also purchase flour for bread production.

Ashot lives with his mother, a teacher, and his father, a police officer. Unfortunately, their salaries are too low and are not sufficient to make ends meet. So the current business provides the main income for the family. It's also important for Ashot to be a financially independant person and support his own family in the future.

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
  • 175
    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 $2,500 helped Ashot to pay for flour and a new oven.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 1, 2012
Jul 2, 2012
Currency Exchange Loss:
Jul 17, 2014