A loan of $625 helped to pay for repairs to his car.


Karen's story

Karen lives with his wife, mother and two grown up children in Vanadzor town. For 10 years, Karen has worked as a taxi driver using his own car. He mainly drives the Yerevan-Vanadzor route and has a lot of customers. They prefer to travel such a far distance in his taxi since he drives attentively and very carefully. Karen is asking for a loan to do some repairs to his car since it is seriously damaged and Karen isn’t able to continue his business. Karen 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 start-up loans with soft conditions to informal businesses that do not have access to other credit products. The loan is very important for this hard working man who does his best to provide good living conditions for his family.



Loan details


Lenders and lending teams




Loan details