A loan of $1,500 helped to purchase tires and pay for car renovations.

Arman's story

Arman is from Gyumri town where he lives with his wife, and 10-year-old daughter. Arman works at local sports school as a trainer. As a hardworking family breadwinner, Arman also works as a taxi driver. He owns a car, with which he provides taxi service to locals. Currently his car needs to be renovated, but because of his family's daily needs, Arman isn't able to save money and renovate the car. He is asking for a loan to be able to purchase tires and pay for renovations to the car.

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, this loan will greatly assist Arman to continue his business, and he will be able to earn income for his beloved family.

Loan details

Lenders and lending teams

Loan details