A loan of $1,475 helped to purchase a minibus to be able to continue his taxi driving business.

Davit's story

Davit is from Vanadzor town where he lives with his wife (in the photo) and his daughter (in the photo). Davit has been driving a taxi for 10 years. Over these years of hard work, Davit was able to gather income that allows him to cover his family's basic needs.

A month ago, Davit sold his car to purchase a new minibus which will allow him to transport more people. Unfortunately, due to family's bad living conditions, Davit spent some of that money, and now needs USD 1,475 to purchase the minibus.

This is the reason why Davit has applied for this loan. He has been approved for the 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 for informal businesses that do not have access to credit products. So this loan is very important for Davit to be able to purchase a minibus and continue his taxi driving business.

Loan details

Lenders and lending teams

Loan details