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Romik is from Metsamor vilage, where he lives with his parents, his wife, and two daughters.

Since 1995 Romik has provided repair service to locals. In particular, he repairs phones aand other electrical equipment. He is already very skilled at his job, and locals value his hard and good quality work very much. His business helps Romik to sustain his family's standard of living.

Now for purchasing tools and equipments to help him in his work, Romik needs financial support. He has been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. So this loan will greatly assist Romik to have tools and equipment that will make his work effective.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 408.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Romik to pay for tools and equipment for providing repair service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 21, 2013
Sep 26, 2013
Currency Exchange Loss:
Sep 17, 2014