Serge G. runs a general store in Darbas village in the Syunik region. Village people don’t have bank accounts, and Serge pays cash to his suppliers. Village life is quite challenging, and many customers are not able to pay during the purchase. So Serge offers them the goods on credit. To increase the turnover, Serge needs to stock up on the most popular goods, and eventually expand the business. In the future the additional profit will help Serge to renovate his house and pay education fees for his three children.
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SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.