Funded

Total loan: $1,500
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Davit


A loan of $1,500 helped to pay the debt he owes for his taxi.


Davit's story

Davit is from Vanadzor town. He lives with his wife, their 3-year-old daughter, and parents.

Davit earns income for his family by driving a taxi. Last year he borrowed money and purchased a car. During a year of hard work, Davit was able to cover most of the debt. But at the same time he has to take care of family's expenses, so he wasn't able to fully cover it.

Now, by applying for this loan Davit asks a loan to be able to make the debt repayment. 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.

The loan is very important for Davit to be able to fully cover his debts and continue his taxi driving. Davit hopes for lenders' good will and support.



Loan details

Loan length:

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

Lenders and lending teams




Loan details

Loan length:

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