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Hayk is from Getahovit village where he lives with his grandmother, wife and two little kids. Hayk has been involved in manufacturing for eight years. He makes different types of furniture and sells to his customers. From time to time, Hayk receives orders from big companies and from individuals from his and nearby villages. Hayk also makes different wood sculptures that are unique and are in demand. (See them in the photo)
To be able to complete more orders, Hayk badly needs financial support. He has decided to ask for this loan to be able to purchase materials for making furniture. 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. The loan will greatly help him to finish his orders and meet his customers' demands.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hayk to pay for materials to make furniture.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 12, 2013
Dec 25, 2013
Currency Exchange Loss:
Jan 17, 2015