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Sergey lives with his parents in Gyumri town. Near the house where they live, Sergey rents a small garage where he provides vehicle-repair services. He offers different types of services for auto owners who value Sergey's high quality work.

Currently, by applying for this loan, Sergey wants to purchase equipment that he needs for providing vehicle-repair services. 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. This loan is greatly important for Sergey. He works really hard for gathering enough income for covering his family's costs.

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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sergey to pay for equipment for providing vehicle-repair services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Nov 6, 2013
Currency Exchange Loss:
Mar 19, 2015