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A loan of $1,500 helped to pay for tools and materials needed for his furniture-making business.

Artyom's story

Artyom is from Metsamor village. He lives with his wife, son, daughter-in-law and 8-year-old granddaughter. Artyom is involved in a furniture-making business. He makes different types of furniture accessories and doors, and sells to local people. After five years of hard work, Artyom is currently facing high demand for the products he is making and has already gained a good client base. Locals value the quality and hard work that Artyom provides. Now to be able to purchase tools and materials needed for making furniture, Artyom has applied for this loan. Because of his family's increasing costs, Artyom has no saved money and that's the reason he has applied for the loan.
Artyom 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 Artyom and he will be very grateful to lenders for support.

Loan details

Lenders and lending teams

Loan details