A loan of $850 helped investment in equipment and renovations to shop (shown in photo).

Angel Asenov's story

Angel is a 29-year-old resident of
Sliven, Bulgaria.
Angel is a member of the Roma minority, also referred
to as gypsies.
He lives in the Roma neighborhood in a small, 2-room
house without
running water with his mother and brother.

For the past 15 years, Angel has worked in a bike shop
in the center
of Sliven tuning and repairing bikes. This year,
Angel wants to start
his own bike repair shop in the Roma neighborhood,
"Nedeshda". Bikes
play an important role for transport for members of
the Roma community
for two key reasons: 1) very few Roma own functioning
vehicles and 2)
public transport does not serve the Nedeshda. As
such, the Roma
without donkeys predominately get around by riding
their bikes and

The focus of Angel's business will be fixing punctured
tires and
tubes, broken chains and petals. The seed capital
provided by this
loan will be enough to cover the equipment he needs
(welding tools,
wrenches, screwdrivers, saws, hammers and a number of
tools), inventory (rubber, spare parts) and the modest
renovation he
needs to perform on the part of his house where he
will have this
shop (shown in photo).

Loan details

Lenders and lending teams

Loan details