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Feliqs
Feliqs is from Vanadzor town where he lives with his wife, and 9-year-old son. Feliqs is earning his living by providing taxi service to locals in Vanadzor. He drives a microbus and works day and night to be able to sustain his family's living. Feliqs's wife works at the local kindergarten, but her salary is very low, and is barely enough for covering daily costs. So Feliqs is the main breadwinner of the family. Now he needs financial support to be able to purchase 6 tires and pay for battery repair.

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 is very important for Feliqs and he hopes for lenders' support.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 148
    View loans »
    Armenia Loans Fundraising
  • $12,991,375
    Funds lent in using Kiva
  • 405.6
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $1,000 helped Feliqs to purchase 6 tires and pay for battery repair.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 5, 2013