A loan of $1,225 helped to pay for equipment needed for his business.


Ashot's story

Ashot is from Vanadzor town and lives with his sister. Their parents live and work abroad to help support their children financially. Ashot is involved in providing tourism services for local customers. Ashot has agreements with four hotels in neighboring countries and is providing different options for locals to spend their vacations outside Armenia. To develop his start-up business, Ashot has requested a loan from local financial institutions several times but without any success. His loan request was rejected each time because his business isn't registered as a formal business. Ashot has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. This loan is very important for Ashot to purchase needed supplies for his work, which will make his business run easier and faster.



Loan details


Lenders and lending teams




Loan details