100%

funded

Total loan: $2,950

Serghei

Flag of Moldova
Soroca, Soroca District, Moldova / Manufacturing

Serghei's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy a branch chopper.


Serghei's story

Sergei is 39 years old. He is married and has a child. Sergei is managing a mini-factory producing briquettes and pellets from biomass. He opened the business with the money he saved himself during time and with Kiva's previous credit,

The buyers appreciate the products from Serghei, especially that the briquettes and pellets are produced from straw, sawdust, branches, and sunflower shells, protecting the environment and nature.

Serghei has bought some of the necessary equipment for the production process. However, in order to work more efficiently, Sergei wants to buy a branch chopper, but does not have the necessary amount and makes an appeal for a Kiva loan.

The acquisition of this branch chopper will help Serghei to increase his production volume with minimal expenses and to succeed in a short time to process more raw material.