100%

funded

Total loan: $2,175

Vardan

Flag of Armenia
Avshar village, Ararat region, Ararat Province, Armenia / Manufacturing

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A loan helped to pay for materials needed for the production of furniture.


Vardan's story

Vardan lives with his wife and two grown children. Several years ago Vardan started his furniture renovation business with the help of his son. He works on soft furniture, car seats, sheathing, and renovation. After all his hard work, now he receives many orders and is able to sustain his family. This business is the main income source for the family so it is very difficult for him to cover his family’s needs and, at the same time, save money to cover his production costs.

Vardan has applied for this loan to purchase materials needed to produce furniture. He has been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides start-up business loans with reasonable conditions to informal businesses that do not have access to traditional credit products. This loan will be a great help to Vardan and he hopes for lenders' support.