Funded

Total loan: $1,500
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Karen

Armenia
Gyumri, Armenia / Manufacturing

A loan of $1,500 helped to pay for tools and materials needed for his work.


Karen's story

Karen is from Gyumri town where he lives with his wife, mother and three children. Karen has been involved in the production of iron doors for 5 years. He is making doors with original designs and sells locally. Due to his high quality work, Karen is well known among the local population of Gyumri town.

Unfortunately, Karen's income is barely enough for covering the family's costs. As a father of three children, it is very difficult for him to supply all their needs. He needs financial assistance to be able to purchase tools and materials needed for his work.

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. So, the loan is very important for Karen and he hopes for the lenders' support.



Loan details

Loan length:

27 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

27 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: SEF International