A loan of $1,125 helped to purchase tires and pay for the renovation of his car.

Vachagan's story

Vachagan lives with his wife, and small son in Stepanavan town. He has been driving a taxi for 3 years and sustaining his family with the income he earns from providing taxi service.

Unfortunately, now Vachagan isn't able to drive his car as it needs to be renovated. Becuase of different other costs, Vachagan isn't able to cover costs related to the car. So he is asking for this loan to be able to renovate the car and purchase tires.

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.

This loan is very important for Vachagan and he hopes for lenders' support.

Loan details

Lenders and lending teams

Loan details