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Arsen was born and lives in Vanadzor town. He is not married and lives with his mother, sister and grandfather. Arsen's father is now a labor migrant in a neighboring country and works hard to help his family with their daily costs.

Currently the family's main source of income is a retail business that Arsen has been involved in for a year; he owns a small truck in which he transports different goods (home supplies, food, etc.) to sell to neighboring villages. Realizing the importance of the income that he gets from this business, Arsen wants to enlarge it. He is asking for this loan to use to purchase more products for reselling.

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 very important for this hard working young man who, despite of his young age, perfectly manages to provide his family with normal living conditions.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Arsen to pay for products to resell to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 14, 2013
Currency Exchange Loss:
Nov 17, 2015