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Total loan: $1,275
Vanadzor town, Lori Province, Armenia / Food
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Simak's loan finished fundraising,
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A loan helped to pay for 30 packs of flour and renovate the car which he uses to deliver bread to stores.
Simak is young businessman from Vanadzor town. He lives with his wife and runs a bakery. His business is going well and Simak is very proud that he was able to continue his parents' work successfully. Simak now asks for this loan to invest some funds into his bakery and make improvements. He plans to purchase 30 packs of flour and renovate the car which he uses to deliver the bread to stores. Simak has now been approved for a loan within the framework of 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. Simak hopes to receive lenders' support and sustain his bakery to provide a better life for his wife.