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.
More information about this loan
This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.
About SEF InternationalSEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.
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Success!! The loan was 100% repaid