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Sevak is from the town of Vanadzor. He has been driving a taxi for the past two years. He lives with his wife, parents, and two-year-old daughter (in the photo). Sevak is a very hardworking young man who does his best to sustain his family's living. As the income Sevak gets is only enough for covering the family's costs, Sevak isn't able to save money to renovate his car. Therefore, he is asking for this loan.

Sevak has 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 loans with soft conditions to informal businesses that do not have access to credit products. The loan is highly important for Sevak, and he will be very grateful to all lenders for their support. The loan will give him an opportunity to continue his taxi-driving business and provide better service to his clients.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 406.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Sevak to pay for the renovation of his car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Nov 11, 2013
Currency Exchange Loss:
Jul 17, 2014