A loan of $4,300 helped to purchase a car to use as a taxi.

Arshaluis's story

Arshaluis is 27 years old, married, and living with his wife, parents, brother and a child in the Ninotsminda district. The source of income for the family is the monthly salaries of Arshaluis’s parents. His father is an electrician and his mother works as a cleaner to earn a living. Arshaluis is a very energetic young man and wishes to be financially independent and provide the family with better living conditions. That’s why he decided to apply for the credit and start a taxi business.

His loan request was approved under the framework of the Startup program, which is the joint project of MFO Credo and Kiva. With the received amount, Arshaluis will purchase a secondhand car and transport passengers from his district to Yerevan. His district is mainly populated with Armenians and there is a high demand for traveling in Armenia. Arshaluis hopes his project will be profitable and generate income to satisfy the daily needs of his family.

Loan details

Lenders and lending teams

Loan details