Funded

Total loan: $1,475
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Seyran

Armenia
Vanadzor town, Armenia / Electronics Repair

A loan of $1,475 helped to pay for supplies for his business.


Seyran's story

Seyran is from Vanadzor town where he lives with his wife. Seyran has three daughters who are married and live with their own families. Seyran has been involved in the repair of electronics for already 30 years. Over these years of hard work, Seyran has been known among his customers as a qualified service provider who loves the job he is doing. Seyran requested a loan from local financial institutions several times for improving his business, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

Seyran's loan has now been approved for a loan within the framework of the new joint initiative of Kiva and SEF International. The start-up loan program provides business start-up loans with soft conditions to non-formal businesses that do not have access to credit products. This loan is very important for Seyran to purchase needed supplies for his business and be able gather more income for his family.



Loan details

Loan length:

26 months
Disbursed date: July 24, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: July 24, 2013
Facilitated by Field Partner: SEF International