A loan of $1,500 helped to pay for winter tires.

Karo's story

Karo is from Goris town. He has been involved in cargo transportation for 7 years. He owns a truck with the help of which he organizes cargo transportation of different products. He lives with his wife and two children and as the only breadwinner of the family, works hard to sustain their living.

As the winter is coming, Karo needs to change the truck's tires, but because of the family's other costs, Karo isn't able to save money for that. He has applied for this loan for purchasing winter tires for his truck.

Karo 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 is very important for Karo and he hopes for lenders' trust and support.

Loan details

Lenders and lending teams

Loan details