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Vachagan is from Yerevan and about five years ago started a retail business. He owns a little store where he trades clothing and shoes.

Vachagan lives with his son. This business helps him to have stable income during the year and sustain his family. Due to his kind attitude towards people, he has gained a lot of loyal customers who prefer to buy clothing and shoes only from his store.

Besides the store in Yerevan, Vachagan also sells clothing in the other towns of Armenia but it is very difficult for him to pay for transportation costs so Vachagan has requested this loan to purchase a car. This will enable him to easily get his products to buyers and sell them.

This loan is very important for Vachagan to cut transportation costs and continue the 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
  • 174
    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 $3,000 helped Vachagan to pay for a car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 29, 2013
Currency Exchange Loss:
Dec 17, 2014