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Artsvik is from Kapan town where she lives with her husband and daughter. She is a teacher with many years of teaching experience. Together with her work at a local school, Artsvik also provides individual lessons for pupils.
Due to her hard work, Artsvik already has 15 pupils and provides Russian language classes for them.
Because of the family's living conditions, Artsvik isn't able to purchase chairs and other products that she needs for her work. So, with this loan Artsvik wants to purchase a computer, printer and chairs for providing individual lessons, which will greatly assist her classes and will make them more effective.
Artsvik has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.
The loan is very important for Artsvik and she hopes for lenders' trust and 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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Artsvik to pay for a computer, printer and chairs for providing individual lessons.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 9, 2013
Oct 15, 2013
Currency Exchange Loss:
Oct 17, 2015