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Avetik runs a little shop where he trades fruits and vegetables. Avetik started this business in 2011. Avetik wants to purchase a car to transport fruits and vegetables to his shop, but his current income does not allow him to make such a purchase. With the loan's help, Avetik will purchase a car. This will allow him to significantly decrease his transportation costs and get more income.

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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Avetik to pay for a car.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Oct 4, 2012
Currency Exchange Loss:
Nov 3, 2012