A loan of $1,475 helped to pay for supplies to sell to customers.

Sos's story

Sos has become the only breadwinner in his family after his father became a pensioner. He lives with his father in Kapan town and is providing their living by distributing different products to neighboring villages and selling them.

The business helps Sos to gather income which is very important for covering daily costs. He purchases products from the city market and distributes them to villages. Since in the villages of Syuniq region there are not many shops and people have to go near town to purchase needed goods, the service that Sos provides is highly demanded.

For purchasing supplies he 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. Sos 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 will greatly support Sos to purchase the supplies he needs for selling and to continue his business.

Loan details

Lenders and lending teams

Loan details