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Ararat is from Masis town. He lives there with his wife, and together they are involved in a retail business. They rent a small store in the center of the town, and sell clothing. The couple works hard to satisfy the market demand and serve their customers' needs.

By applying for this loan, Ararat now asks financial support to be able to buy a new stock of clothing to sell in the store.

The loan will greatly assist Ararat in increasing his turnover, and he hopes for lenders' support.

Ararat 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.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 406.3
    Armenia Drams (AMD) = $1 USD
A loan of $1,250 helped Ararat to pay for new stock of clothing for selling in the store.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 24, 2013
Jan 21, 2014
Currency Exchange Loss:
Feb 20, 2014