Funded

Total loan: $375
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Artur

Armenia
Vanadzor town, Armenia / Vehicle Repairs

A loan of $375 helped to pay for tools for providing vehicle repair service.


Artur's story

Artur lives in Vanadzor town. He has been providing vehicle repair service for 7 years. He receives orders from locals and provides different types of vehicle repair service for them. Artur rents a small garage in the center of the town. He lives together with his wife and two little children ages 6 and 4 years old. Because of financial difficulties that Artur faces, it is very difficult for him to save money for his business. He has applied for this loan to be able to purchase tools needed for his work.

Artur 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 assist Artur to continue providing his business and he will be very grateful for their support.



Loan details

Loan length:

27 months
Disbursed date: January 23, 2014
Facilitated by Field Partner: SEF International

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: January 23, 2014
Facilitated by Field Partner: SEF International