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Vladimir is a young private entrepreneur from Kapan city in the Syuniq region. He lives with his mother, who works in the private sector. Vladimir runs a bakery, where different types of bread are baked and sold to other resellers. He and his mother work really hard to be able to earn a living. Vladimir's small business currently needs some investments. In order to increase the productivity of his bakery, Vladimir needs a loan of USD 3,000 to purchase a special blender machine for dough. With the introduction of this machine, the bakery will function more efficiently, which will help Vladimir develop his small business, increase his sales, and become more successful. Vladimir and his mother highly rely on the goodwill of the lenders and will be thankful to them for their support in collecting the needed loan amount to sustain and develop their small business.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Vladimir to purchase a special blender machine for dough.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 2, 2013
Nov 6, 2013
Currency Exchange Loss: