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Harutyun is married and lives with his wife in Vanadzor town. Upon returning from the army, Harutyun, two years ago, started to earn his living by providing renovation service to locals. Over the two years of hard work Harutyun gained good experience, and now his service is much demanded in the town.

By applying for this loan, Harutyun asks financial support for being able to purchase tools and equipment needed for his work.

Harutyun 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.

The loan is very important for Harutyun to have the tools he needs and be able to provide better service for his clients.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Harutyun to pay for tools and equipment for providing renovation services.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Nov 1, 2013
Currency Exchange Loss:
Jan 17, 2015