Check out some available loans that are similar to this one!
Azat rents a small place in Gyumri's city market where he trades in walnuts, hazelnuts and almonds. Due to Azat's hard work and kind attitude toward people, he was able to gain many clients.

He lives together with his wife and two little children. As the only breadwinner of the family, Azat realizes the importance of this retail business for the family’s living. He has now applied for this loan to be able to purchase new stock of walnuts, hazelnuts and almonds for reselling to his customers.

Azat 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.

Azat will be very grateful to his lenders for support and goodwill.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Azat to pay for new stock of walnuts, hazelnuts and almonds for reselling to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 14, 2014
Jan 20, 2014
Currency Exchange Loss:
Feb 17, 2016