Funded

Total loan: $1,475
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A loan of $1,475 helped to pay for specialized equipment for his work.


Sasun's story

Sasun is from Kapan town, where he lives with his wife. It is already two years since Sasun has been involved in installation of heating systems. He provides this service to locals and gathers income which is vital for him to sustain his family. Sasun 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. He 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. Sasun needs this loan to purchase specialized equipment for his work. This will help Sasun to provide better service to his customers and he will be able to sustain his family.



Loan details

Loan length:

26 months
Disbursed date: July 30, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: July 30, 2013
Facilitated by Field Partner: SEF International