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Jul 28, 2016 2:02 PM ET

Archived: Moldova – Igor: A loan of $1,300 helps to purchase spare parts for the repair of gas boilers.

iCrowdNewswire - Jul 28, 2016


Ungheni, Moldova / Services
Borrower image

Igor’s story

Igor is a 34-year-old entrepreneur from Ungheni-town, Republic of Moldova. He is divorced, but has a daughter. At the moment, he lives alone in a rented apartment.

Igor deals with the installation of gas boilers and serving them. He is a licensed specialist in this field and has been serving clients for about 10 years. He collaborates with some stores that sell gas boilers in Ungheni and other places in the country.

Igor works on demand, and he usually needs to change worn boiler parts. To satisfy the demands, he supplies the necessary parts because they are not found in stores, but only on demand. For this reason, Igor requests a loan from Kiva. As a result he will able to satisfy all demands and will have the possibility to develop a sustainable business. 

This loan is special because:

It enables those living in rural areas to grow their businesses at a lower interest rate. 

Kendra Thorogood
Kiva staff 

More about this loan

This loan is provided at a significantly reduced interest rate to entrepreneurs living in rural Moldova. It enables entrepreneurs to affordably invest in and grow their small businesses in an area where there are very few financing and economic opportunities. Typically, people living in rural areas in Moldova migrate to other European countries to find work and send money back to their families. By supporting this loan, you are helping rural entrepreneurs create their own jobs and support the local economy.

About Smart Credit:

Smart Credit is a small microfinance organization with headquarters in Ungheni City that serves the rural population in the Ungheni region of Moldova. They seek to provide affordable loans to these populations and also act as an insurance agent for health, auto and accident insurance.

Smart Credit offers loans that encompasss a wide variety of industries and purposes including new businesses, consumer goods, agricultural resources and home improvement.

A loan of $1,300 helps to purchase spare parts for the repair of gas boilers.

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