Funded

Total loan: $875
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Vahagn

Armenia
Yerevan, Armenia / Vehicle Repairs

A loan of $875 helped to pay for tools and materials to provide vehicle repair services.


Vahagn's story

Vahagn is from the town of Yerevan, where he lives with his mother. For many years, Vahagn has been engaged in vehicle repair services. In a rented garage near one of the city markets, Vahagn provides different type of vehicle repair services. Due to his hard work, Vahagn manages to cover his family's needs. Now, as the worker of the family, Vahagn wants to enlarge his business activity. He needs financial support so he is able to purchase tools and materials and enlarge his business of providing vehicle repair services. Vahagn 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 credit products. The loan is very important for Vahagn so he can meet his client's needs in more appropriate ways and be able to make a higher income to earn a living for himself and his mother.



Loan details

Loan length:

27 months
Disbursed date: October 16, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: October 16, 2013
Facilitated by Field Partner: SEF International