A loan of $675 helped to pay for the renovation of his car.

Sevak's story

Sevak is from the town of Vanadzor. He has been driving a taxi for the past two years. He lives with his wife, parents, and two-year-old daughter (in the photo). Sevak is a very hardworking young man who does his best to sustain his family's living. As the income Sevak gets is only enough for covering the family's costs, Sevak isn't able to save money to renovate his car. Therefore, he is asking for this loan.

Sevak has 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 loans with soft conditions to informal businesses that do not have access to credit products. The loan is highly important for Sevak, and he will be very grateful to all lenders for their support. The loan will give him an opportunity to continue his taxi-driving business and provide better service to his clients.

Loan details

Lenders and lending teams

Loan details