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Hamlet is from Gyumri town where he lives with his wife and mother. Hamlet has been giving football training to local children at a local sports school for the past five years. Hamlet is very skilled and professional in his job, so he has currently 54 students in the group who come to him to learn how to play football. Hamlet is the only breadwinner of the family, as his mother is retired and his wife takes care of household only.

By applying for this loan Hamlet asks for financial support to be able to purchase a sporting ground needed for his job. This will give him an opportunity to improve the quality of training he provides and make his training more time efficient. Hamlet 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 start-up loans with soft conditions to informal businesses that do not have access to credit products. This hard working and enthusiastic man, Hamlet, will be very thankful for the loan as it is very important to him.

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
  • 150
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hamlet to pay for a sporting ground to provide football training to local children.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Nov 17, 2013
Currency Exchange Loss:
Oct 17, 2014