A loan of $2,500 helped to buy a new, updated machine necessary for his business.

Hakob's story

45-year-old Hakob owns a metal lathe turning shop. He moved to this new place in January 2011 because he needed a wider place to do his business. He works in turning metals from non-useful to useful ones in addition to manufacturing non-existing metals on request.

Such a business is highly recommended but requires enough capital to keep buying updated machines.

Hakob is requesting a loan from Kiva partner Al Majmoua in order to buy a new, updated machine that is necessary for his business.

This is his second cycle as an Al Majmoua borrower. His last loan was also invested in buying a necessary machine, the thing that he intends to continue buying in the future.

Hakob is a married man with one child. He works hard to provide him with the best education and healthy living. He hopes to keep improving and developing his business and social life.

Loan details

Lenders and lending teams

Loan details