Davit earns income for his family by driving a taxi. Last year he borrowed money and purchased a car. During a year of hard work, Davit was able to cover most of the debt. But at the same time he has to take care of family's expenses, so he wasn't able to fully cover it.
Now, by applying for this loan Davit asks a loan to be able to make the debt repayment. 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.
The loan is very important for Davit to be able to fully cover his debts and continue his taxi driving. Davit hopes for lenders' good will and support.
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.
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