A loan of $1,500 helped to pay for renovation of his bus and new tires.


Manuk's story

Manuk, who lives in Nor Kharberd village of Ararat region, has been providing taxi service using his own bus for 10 years now. As only a few people in the village own a car, the service that Manuk provides is in high demand. Currently the bus is in not in working condition and needs to be renovated as some parts are seriously damaged.

Manuk has applied for this loan to renovate the bus and purchase new tires. 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 greatly help this hardworking man to continue providing transportation service to locals and earn more income for his family. Manuk lives with his retired mother and two children.



Loan details


Lenders and lending teams




Loan details