Funded

Total loan: $1,475
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Artashes

Armenia
Armavir, Armenia / Electrician

A loan of $1,475 helped to buy a generator and a piece of equipment specialized for his work.


Artashes's story

Artashes is from Armavir town where he lives with his wife, mother-in-law, and three children. He earns his family's living by providing electrician services to locals from the small cellar he rents near his house.

Artashes requested a loan from local financial institutions several times, but without any success. His loan request was rejected every time because his business isn't registered as a formal business. Artashes 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.

Thus, this loan is very important for Artashes to purchase a generator and a piece of equipment specialized for his work so as to be able to provide better service to his customers.



Loan details

Loan length:

26 months
Disbursed date: August 1, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: August 1, 2013
Facilitated by Field Partner: SEF International