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Erik was born and lives in the town of Kapan in the Syuniq region. He is married and has a nice family: a wife and an 8-year-old daughter. Erik's wife doesn't work as she has too much work about the house to take care of. So Erik is the only breadwinner of the family.

Erik has been involved in the construction business for many years. After years of tireless hard work, Erik now is a very skilled constructor. He is providing renovation services to locals in the Kapan region and is earning an income for his family.

Now there is a big demand for internal decoration of houses and Erik's job is much in demand. But, to be able to work more effectively, Erik needs financial support to purchase tools and materials. 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 is very important for Erik to be able to implement the construction process and provide more income for his beloved 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
  • 168
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Erik to pay for tools and materials to implement the construction process.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Sep 4, 2013
Oct 10, 2013
Currency Exchange Loss:
Sep 17, 2015