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Vachagan lives with his wife, and small son in Stepanavan town. He has been driving a taxi for 3 years and sustaining his family with the income he earns from providing taxi service.

Unfortunately, now Vachagan isn't able to drive his car as it needs to be renovated. Becuase of different other costs, Vachagan isn't able to cover costs related to the car. So he is asking for this loan to be able to renovate the car and purchase tires.

He 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 Vachagan and he hopes for lenders' support.

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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD
A loan of $1,125 helped Vachagan to purchase tires and pay for the renovation of his car.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Oct 6, 2013
Currency Exchange Loss:
Nov 5, 2013