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Premal Shah, President & Co-Founder, Kiva
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A loan of $1,500 helped to pay for new stock of tools and materials needed for his work.

Karen's story

Karen is from Vanadzor town where he lives with his parents, brother, and wife. Karen is providing vehicle repair service, and gathers income for his family's living. He repairs different types of vehicles, as well as resells spare parts of automobiles to his clients.

Now, to enlarge the business that Karen is involved in, he asks for this loan to purchase new stock of tools and materials needed for his work. 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 will be a huge support for Karen as he will be able to provide better service to his clients, and will gather higher income for his beloved family.

Loan details

Lenders and lending teams

Loan details