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Artur is from Norapat village of Armavir region. He is married and has a 4-year-old daughter. It has already been 5 years Artur that has been earning his family's living by his retail business. He purchases fruits and vegetables from local villagers and using his truck, he transports them to neighboring villages and cities for reselling. Due to his hard and tireless work, Artur is able to sustain his family's basic costs. Unfortunately, now the truck through which Artur transports products is in a nonworking condition. Artur needs financial support to be able to purchase tires for the truck and to be able to continue his retail business. He 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 to Artur and he hopes for lenders' 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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Artur to pay for tires for his truck and to be able to transport the products and sell them to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 7, 2013
Nov 6, 2013
Currency Exchange Loss:
Jun 17, 2015