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Rubik is from Gyumri town, where he lives with his wife.

Rubik is a taxi driver, with ten years of experience. Over these years of hard work, Rubik gained a good list of clients who use only Rubik's taxi. Unfortunately, because of the high costs of living, Rubik wasn't able to save money for the renovation of the car.

Currently, the car needs to be renovated since it is now in non-working condition and Rubik isn't able to drive the taxi. He has applied for this loan for the help. The loan will greatly assist Rubik in paying for the renovation of the car and he will be able to gather income for his family.

Rubik 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.

Rubik hopes for your support since the car and taxi service are a very important source of income for Rubik and his wife.

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
  • $17,141,425
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Rubik to pay for the renovation of the car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 4, 2013
Nov 6, 2013
Currency Exchange Loss:
Mar 18, 2014