Unfortunately now the car that Arsen drives as a taxi needs to be renovated and Arsen has no financial means for doing that. He is asking for this loan to purchase four tires and renovate the engine. This will greatly help Arsen to continue his taxi driving business and sustain his family
Arsen 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. So, the support of lenders is very important for Arsen and his family and will greatly assist them.
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 InternationalSEF’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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
116View loans »
This loan has been fully funded!