Funded

Total loan: $1,500
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Mihran

Armenia
Kapan, Syunik region, Armenia / Vehicle Repairs

A loan of $1,500 helped to pay for tools and materials for providing vehicle repair service.


Mihran's story

Mihran lives together with his mother, who doesn't work and takes care of the household. Mihran is the only breadwinner in the family and feels very responsible for being able to provide appropriate living conditions for his mother.

Mihran provides service from a small rented garage in the center of Kapan town. He is already well known among locals as a good quality service provider. The tools that Mihran uses in his work are too old. Because of daily costs, Mihran isn't able to purchase new tools with his own financial means, so he has applied to SEF for help. The loan of 600,000 AMD will greatly assist Mihran to purchase tools and materials for providing his vehicle repair service.

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 be a great support for Mihran and he hopes for lenders' support.



Loan details

Loan length:

26 months
Disbursed date: December 13, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: December 13, 2013
Facilitated by Field Partner: SEF International