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Avag lives in the town of Jermuk with his wife and two daughters. About two years ago, he started a sewing business and he now needs to improve it by making some investments. He has applied for this loan to renovate his sewing machine and buy some fabric. This is important to Avag because it will allow him to stay competitive by completing current orders and improving the quality of his work.

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
  • 102
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Avag to renovate his sewing machine and buy fabric.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 27, 2012
Jan 18, 2013
Currency Exchange Loss:
Jan 17, 2016