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Mushegh is from Jermuk town of the Vayots Dzor region, where he lives with his mother, wife, and two children.

Mushegh has been involved in manufacturing business for five years. Particularly he makes different furniture products and sells them to locals.

Mushegh is the only breadwinner of the family, because his mother is retired, and his wife takes care of their little children. So, Mushegh feels very responsible to gather enough income for covering his family's basic needs.

By applying for this loan Mushegh asks a loan to be able to purchase tools and equipment that he needs for completing the current orders that he received.

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 will be huge support for Mushegh as he will be able to continue the service that he provides and will be able to provide better living conditions for his family.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mushegh to pay for tools and equipment for furniture making.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 17, 2013
Dec 24, 2013
Currency Exchange Loss:
Jan 17, 2016