A loan of $1,500 helped to pay for tools and materials to implement the construction process.

Erik's story

Erik was born and lives in the town of Kapan in the Syuniq region. He is married and has a nice family: a wife and an 8-year-old daughter. Erik's wife doesn't work as she has too much work about the house to take care of. So Erik is the only breadwinner of the family.

Erik has been involved in the construction business for many years. After years of tireless hard work, Erik now is a very skilled constructor. He is providing renovation services to locals in the Kapan region and is earning an income for his family.

Now there is a big demand for internal decoration of houses and Erik's job is much in demand. But, to be able to work more effectively, Erik needs financial support to purchase tools and materials. He has 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 is very important for Erik to be able to implement the construction process and provide more income for his beloved family.

Loan details

Lenders and lending teams

Loan details