Total loan: $2,425
Kapan, Syunik region, Syunik Province, Armenia / Entertainment
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A loan helped to pay for renovation of musical instruments and to purchase speakers for providing musical service.
Spartak is a musician with 25 years of experience. The attendance of special events (birthday parties, wedding, etc.) provides Spartak with the only income for his family. He plays different musical instruments and is very talented. He has now applied for this loan to be able to pay for renovation of musical instruments and to purchase speakers for providing musical service. His loan has been approved within the framework of a new joint initiative between Kiva and SEF International. This program provides start-up loans with soft conditions to informal businesses that do not have access to credit products.