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Artur is a young entrepreneur from Yerevan. He lives with his mother and brother. Artur runs a little shop, where he sells fruits and vegetables. To transport fruits and vegetables Artur needs a car, which is why he applied for this loan. The car will give an opportunity to Artur to decrease costs and earn more profit.

With the requested loan amount Artur will also purchase fruits and vegetables for his shop. By allowing Artur to buy more fruits and vegetables to offer in the shop, the loan will help Artur to increase sales.

He will use profit to 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
  • 132
    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 Artur to purchase a greater amount of fruits & vegetables, and buy a car to transport them to his shop.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 9, 2012
Nov 10, 2012
Currency Exchange Loss:
Dec 10, 2012