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Armen is a manufacturer from Vanadzor and lives with his parents, wife, son and daughter.

Armen has been involved in furniture manufacturing for more than 10 years. Due to his hard work and kind attitude towards people, he has gained many loyal customers. Armen is the only breadwinner in the family, so his work is very important in providing for his family's needs.

Armen has applied for this loan to purchase equipment for making furniture. This loan is very important, as it will make the furniture-making process more efficient. It is very important for Armen to expand his business and ensure a better life for his family.

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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $15,776,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Armen to pay for furniture-making equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 11, 2013
Mar 19, 2013
Currency Exchange Loss:
Apr 18, 2015