Total loan: $2,100


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Kapan, Syunik region, Syunik Province, Armenia / Construction

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A loan helped to pay for the tools and materials that he needs in the construction trade.

Ashot's story

Ashot is from Kapan, in the Syunik region of Armenia. He works in construction, with some years of experience in that field. He is a father of two. His children attend the local secondary school. His wife is unemployed. Ashot started providing construction services in Kapan five years ago. He receives orders for the internal or external renovation of houses from local people in town and in nearby villages. All he needs is the financial resources to buy the tools and materials for his work. His loan has been approved within the framework of a new joint initiative between Kiva and SEF International. This program provides business start-up loans to informal businesses that do not qualify through normal channels.