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Total loan: $3,000
Lernagog village of Armavir region, Armavir Province, Armenia / Retail
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Gor's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay for supplies and a refrigerator for his store.
Gor is from Lernagog village where he lives with his wife and two school age children (ages 13 and 11 years old). Gor's wife teaches at local village school and Gor himself runs a small general store. He has been running his store for 5 years and during those years was able to run it in a sustainable way ensuring appropriate life for his family. Now, Gor applied for this loan to be able to purchase supplies and refrigerator for his store. Gor received a loan from a local financial institution in the past but was not able, unfortunately, to pay it back on time. However, thanks to his recent hard work, Gor was able to ensure that he will be able to cover the monthly payments. Consequently, he has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. The loan will be a big support for this businessman and he hopes for your help.