A loan of $1,500 helped to pay for a new stock of tools and materials to provide a manufacturing service.

Arman's story

Arman is from Ghukasavan village which is in the Ararat region of Armenia. He lives there with his parents and brother. Two years ago Arman started his manufacturing business. He makes different types of furniture and sells them to local people. Due to his high quality work, the furniture that he makes is much demanded among the locals.

Now, because of a lack of financial resources, Arman isn't able to satisfy the current demand of his customers. So by applying for this loan Arman asks for financial help to purchase a new stock of tools and materials. 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 this young and enthusiastic man to be able to continue his business and gather more income for his family.

Loan details

Lenders and lending teams

Loan details