A loan of $1,050 helped to purchase buttonhole machine to start his own sewing business.

Yaroslav's story

Yaroslav is a 31-year-old bachelor. He has a partially-completed education as a technologist in light industry, and has rich experience in this field. For the last 3 years, he has been working as the lead specialist in a tailor studio. Having gained a lot of practical experience and a regular clientele, he decided to open his own tailor studio. To start his business, he rented premises and set up the equipment that he had acquired during the time he worked in the first tailor studio. Yaroslav has proven himself to be a well-mannered and positive person. Before he established his own business, he successfully completed courses in the company "Senti" that provides educational classes. In order to provide full service for his clients, Yaroslav needs to buy a buttonhole machine. When he heard about Kiva's advantageous program "Start Up," he approached the Microfinance Bank Bai Tushum & Partners for a loan of 50,000 Kyrgyzstan Som (KGS) to buy one. An analysis of Yaroslav's business plan indicates that he can earn around 20,000 Som per month. He plans to use the income generated by this loan to re-invest in his business and expand it by purchasing one more machine. He is very happy that such a microfinance program exists and is grateful to all sponsors from Kiva and Bai Tushum & Partners.

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Translated from Russian by Kiva volunteer Tracey Orr

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