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Arshak is a private entrepreneur from Gyumri city of Shirak region. He lives with his wife and two school-age daughters (8 and 10 years old). To be able to take care of his family's needs, Arshak runs a local store where he sells heating systems that are sent by his brother from Europe. He also provides different services related to installation of those systems.

The assortment of items that Arshak sells is not very big and needs to be expanded in order for his small business to function productively. He needs a loan of $3000 USD to purchase new items to sell in the store. The loan will help him maintain and develop his small business further. Arshak and his family rely on the good will of the lenders and are thankful for their support.

Additional Information

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arshak to purchase new items to sell in his store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2013
Nov 3, 2013
Currency Exchange Loss:
Jul 17, 2015