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Arsen has been involved in vehicle repair service for 4 years already. Near the house where he lives with his family, Arsen rents a small garage where he provides vehicle repair service. Arsen is a very hard working and an enthusiastic young man who does his best to provide better living conditions for his family. Arsen lives with his mother, brother, and sister, and their father is currently in Russia where he tries to find a job and sustain his family's living.

Arsen is running the vehicle repair business well enough as the income from the business helps him cover his family's basic needs. Now, to be able to change the old tools and equipment with new ones, Arsen needs financial support. He is asking for this loan to be able to purchase needed tools and equipment, and make his work more effective.

Arsen 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 for Arsen and he hopes for lenders' goodwill and 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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,809,825
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Arsen to pay for tools and equipment needed for providing vehicle repair service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2015