A loan of $1,000 helped to pay for tools and equipment for furniture making.

Mushegh's story

Mushegh is from Jermuk town of the Vayots Dzor region, where he lives with his mother, wife, and two children.

Mushegh has been involved in manufacturing business for five years. Particularly he makes different furniture products and sells them to locals.

Mushegh is the only breadwinner of the family, because his mother is retired, and his wife takes care of their little children. So, Mushegh feels very responsible to gather enough income for covering his family's basic needs.

By applying for this loan Mushegh asks a loan to be able to purchase tools and equipment that he needs for completing the current orders that he received.

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.

This loan will be huge support for Mushegh as he will be able to continue the service that he provides and will be able to provide better living conditions for his family.

Loan details

Lenders and lending teams

Loan details