Check out some available loans that are similar to this one!
Suren
Suren is from Gyumri, where he is providing taxi service. The income from this activity is very important for Suren to cover his family's costs. Suren lives with his wife and 27-year-old son.

Currently this hard-working man needs financial support to renovate his car. Because of its nonworking conditions, Suren isn't able to provide taxi service and gather money. So he has applied for this loan for the help.

Suren 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 will greatly, greatly assist Suren to continue his taxi business and provide a better life for his family.

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
  • 112
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Suren to pay for the renovation of his taxi.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014