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Andranik is from Syunik village in the Syunik region of Armenia. For the past two years, Andranik has worked as a taxi driver. Due to his hard work, Andranik manages to adequately support his family. He is married and the father of two little children. His wife takes care of the household and children and doesn't work, so Andranik is the only breadwinner in the family.

Currently the car that Andranik drives as a taxi is damaged and needs to be repaired. He has applied for this loan to be able to repair his car and purchase new tires for it. This loan will be a huge support to Andranik, as he will be able to continue with his taxi driving business.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Andranik to repair his taxi and purchase new tires for it.
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 1, 2013
Nov 26, 2013
Currency Exchange Loss:
Jan 25, 2014