Funded

Total loan: $1,500
Powered by 48 lenders

Gnel

Armenia
Gyumri, Armenia / Services

A loan of $1,500 helped to purchase tools and equipment needed for providing reconstruction service of refrigerators.


Gnel's story

Gnel is from Gyumri town, where he lives with his parents and brother. Gnel has been providing refrigerator-repair services to locals, for already five years. He takes orders from local stores and individuals, and works hard to meet their needs.

The income that Gnel gets is very important for meeting the family's daily needs, so he is now willing to enlarge it. Because of financially poor conditions, Gnel isn't able to purchase tools and equipment that he needs for providing reconstruction service of refrigerators. This is a reason Gnel has applied for this loan. 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 greatly assist Gnel, and he will be able to increase the quality of service he provides.



Loan details

Loan length:

26 months
Disbursed date: October 10, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: October 10, 2013
Facilitated by Field Partner: SEF International