A loan of $1,100 helped to pay for supplies.

Armen's story

Armen lives in Vanadzor with his wife and two school-age children. He has been an electrician for four years. As the only breadwinner of the family, Armen works hard to earn a good income and sustain his family. Due to his hard work over the years, Armen is now providing high quality work and is able to expand his business.

Armen has now been approved for a loan within the framework of the new joint initiative of Kiva and SEF. The start-up loan program envisages provision of business start-up loans on soft conditions to people who do not have access to credit products. Armen needs this loan to purchase supplies for his business. It is very important for him to be able to satisfy his customers' needs and provide better living conditions for his family.

Loan details

Lenders and lending teams

Loan details