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Hovsep is a 29-year-old entrepreneur from Yerevan. He runs a shop where he sells clothing. Hovsep has been running this business for three years. Now he wants to add more inventory to his shop to increase sales.

With the loan's help, Hovsep plans to purchase clothing for children. This is important for him to meet the demand of his clients and stay competitive in the market. Hovsep lives with his parents and his brother who is 16 years old. Development of the business will allow Hovsep to earn more income and provide more prosperous living conditions 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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hovsep to pay for clothing for children.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Mar 21, 2013
Currency Exchange Loss:
Mar 18, 2014