Rubik is a taxi driver, with ten years of experience. Over these years of hard work, Rubik gained a good list of clients who use only Rubik's taxi. Unfortunately, because of the high costs of living, Rubik wasn't able to save money for the renovation of the car.
Currently, the car needs to be renovated since it is now in non-working condition and Rubik isn't able to drive the taxi. He has applied for this loan for the help. The loan will greatly assist Rubik in paying for the renovation of the car and he will be able to gather income for his family.
Rubik 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.
Rubik hopes for your support since the car and taxi service are a very important source of income for Rubik and his wife.
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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