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Samvel is married and lives in Vanadzor town with his wife.

Samvel has a delivery business; he purchases different products (food, housing products, etc.) and sells them to small local stores. Due to his hard work and good attitude towards people, Samvel has a large number of customers who order products only from him.

Now Samvel needs financial support to purchase a new stock of products, and to cover new orders. 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.

The loan is very important for Samvel to be able to continue and expand his business. The good income is very important for this young 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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Samvel to pay for a new stock of products to sell to stores.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Nov 1, 2013
Currency Exchange Loss:
Aug 17, 2015