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Arsen trades with general products in his own shop in one of the city’s markets. To be financially secure and ensure a stable income for himself and his family, Arsen, an economist by profession, started up this business four years ago. Due to his kindly attitude towards people, Arsen has gained many loyal customers who prefer to make their purchases only from Arsen’s shop.

Now, in order to meet clients' current demand, Arsen has requested a loan from SEF International. The loan will help him to purchase new supplies for the shop, which will increase his sales and will give Arsen an opportunity to gather higher income. This income is important for Arsen to cover his family's costs.

Arsen lives with his mother who is 73 years old and is required with retirement pension.

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
  • 178
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arsen to buy new supplies to sell to customers of the shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 13, 2013
May 1, 2013
Currency Exchange Loss:
May 17, 2016