A loan of $1,475 helped to pay for raw materials for making furniture.

Tiran's story

Tiran has been involved in furniture manufacturing. He learned how to work with wood from his father, when Tiran was a little boy. And now over these 10 years of hard work he makes high quality furniture and has gained many loyal customers.

Tiran 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. Tiran 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. He needs that financial support for purchasing raw materials and making furniture. Thus the loan is very important for Tiran to continue his devoted work and gather income for his family.

Tiran lives in Kapan town with his wife.

Loan details

Lenders and lending teams

Loan details