Check out some available loans that are similar to this one!
Vahan is from Gyumri town. It has already been 10 years since Vahan started providing telephone services. Particularly he provides telephone connections abroad and gives locals an opportunity to talk with their relatives abroad. As the emigration rate of Armenia is very high and almost every household here has a relative abroad, Vahan's service is in high demand. Due to his hard work over these 10 years, Vahan was able to form a client base that only uses his provided service. Now, this hardworking young man needs financial support to be able to make network improvements and pay for a new connection which has higher quality and speed.
Vahan has now 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. This loan is very important for Vahan to be able to expand his business and provide better quality service to his customers. Vahan lives together with his parents and brother and is the only breadwinner of the family.

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
  • 163
    View loans »
    Armenia Loans Fundraising
  • $17,054,825
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Vahan to pay for a new connection and network improvements.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 25, 2013
Oct 1, 2013
Currency Exchange Loss:
Oct 31, 2013