Total loan: $2,100
Kapan, Syunik region, Syunik Province, Armenia / Manufacturing
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A loan helped to pay for materials and tools for furniture production.
Aram works in the private sector in Kapan town. After work, Aram makes furniture in the small garage in his house. He started his manufacturing business three years ago, and since then has been able to gather a good client base. Aram receives orders for making chairs, sofas and tables from wood and other materials, and so is able to earn income for his family's living. He lives with his parents. Aram has applied for this loan to purchase materials and tools needed for furniture production. He has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.