Total loan: $1,500
Armavir, Armavir Province, Armenia / Manufacturing
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Armen's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay for materials for making furniture.
Armen lives in Armavir town with his wife and two children. Armen has been making furniture for many years. He receives orders from locals in Armavir town and makes different types of furniture. Due to his hard work, Armen has gained many customers who value the good quality work that he provides. Now, Armen asks for this loan, so he can purchase materials needed for making furniture. For completing current orders, this loan will be a huge support for Armen and he would be very grateful to his lenders. As this is Armen's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products before because they have no credit history.