A loan of $1,500 helped to pay for tools and equipment needed for providing vehicle repair service.

Arsen's story

Arsen has been involved in vehicle repair service for 4 years already. Near the house where he lives with his family, Arsen rents a small garage where he provides vehicle repair service. Arsen is a very hard working and an enthusiastic young man who does his best to provide better living conditions for his family. Arsen lives with his mother, brother, and sister, and their father is currently in Russia where he tries to find a job and sustain his family's living.

Arsen is running the vehicle repair business well enough as the income from the business helps him cover his family's basic needs. Now, to be able to change the old tools and equipment with new ones, Arsen needs financial support. He is asking for this loan to be able to purchase needed tools and equipment, and make his work more effective.

Arsen 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 Arsen and he hopes for lenders' goodwill and support.

Loan details

Lenders and lending teams

Loan details